Invesco Ltd. Buys 93,168 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Invesco Ltd. grew its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 360,072 shares of the company's stock after acquiring an additional 93,168 shares during the period. Invesco Ltd. owned about 0.37% of Hilton Grand Vacations worth $14,025,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HGV. Barclays PLC lifted its stake in Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after purchasing an additional 188,997 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after buying an additional 499,067 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Hilton Grand Vacations by 38,000.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company's stock worth $371,000 after purchasing an additional 9,500 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Hilton Grand Vacations during the 4th quarter worth about $204,000. Finally, PB Investment Partners L.P. grew its holdings in shares of Hilton Grand Vacations by 5.9% during the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock worth $22,257,000 after purchasing an additional 31,939 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Down 0.1 %

HGV traded down $0.04 during trading on Friday, reaching $34.46. 749,604 shares of the stock traded hands, compared to its average volume of 882,561. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The stock's 50-day simple moving average is $36.95 and its two-hundred day simple moving average is $38.99. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $45.48.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

HGV has been the topic of several analyst reports. The Goldman Sachs Group lowered their target price on Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. Truist Financial raised their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Mizuho boosted their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, Morgan Stanley decreased their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $44.63.

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.