GRS Advisors LLC Buys New Shares in Hilton Grand Vacations Inc. (NYSE:HGV)

GRS Advisors LLC purchased a new position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 626,793 shares of the company's stock, valued at approximately $24,414,000. Hilton Grand Vacations makes up 2.4% of GRS Advisors LLC's holdings, making the stock its 19th largest holding. GRS Advisors LLC owned 0.64% of Hilton Grand Vacations as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HGV. Covestor Ltd grew its holdings in Hilton Grand Vacations by 432.4% during the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after buying an additional 1,042 shares in the last quarter. KBC Group NV raised its position in shares of Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after buying an additional 889 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $200,000. Crossmark Global Holdings Inc. purchased a new position in Hilton Grand Vacations in the fourth quarter worth about $204,000. Finally, FourThought Financial Partners LLC purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $232,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $38.94 on Friday. The company's fifty day moving average price is $36.01 and its 200 day moving average price is $39.01. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $44.99. The company has a market capitalization of $3.57 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. On average, research analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on HGV. Morgan Stanley cut their price objective on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial increased their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 target price on shares of Hilton Grand Vacations in a research report on Monday, May 5th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Mizuho upped their price objective on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of "Hold" and a consensus price target of $46.00.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.

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