SG Americas Securities LLC increased its holdings in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 9.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,202 shares of the company’s stock after purchasing an additional 3,864 shares during the period. SG Americas Securities LLC owned 0.05% of Hilton Grand Vacations worth $903,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zimmer Partners LP boosted its stake in shares of Hilton Grand Vacations by 22.7% during the first quarter. Zimmer Partners LP now owns 7,657,154 shares of the company’s stock valued at $120,753,000 after purchasing an additional 1,417,795 shares in the last quarter. Senvest Management LLC lifted its position in Hilton Grand Vacations by 47.0% during the first quarter. Senvest Management LLC now owns 2,630,341 shares of the company’s stock valued at $41,480,000 after acquiring an additional 841,093 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Hilton Grand Vacations by 21.8% during the first quarter. TimesSquare Capital Management LLC now owns 1,822,672 shares of the company’s stock valued at $28,744,000 after acquiring an additional 326,190 shares during the last quarter. Norges Bank purchased a new stake in Hilton Grand Vacations during the fourth quarter valued at approximately $36,841,000. Finally, Nuveen Asset Management LLC lifted its position in Hilton Grand Vacations by 146.6% during the fourth quarter. Nuveen Asset Management LLC now owns 973,365 shares of the company’s stock valued at $33,474,000 after acquiring an additional 578,588 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.
NYSE HGV opened at $20.30 on Friday. The company has a fifty day simple moving average of $20.79 and a two-hundred day simple moving average of $22.79. The stock has a market cap of $1.73 billion, a P/E ratio of 21.37 and a beta of 2.25. Hilton Grand Vacations Inc has a 12-month low of $8.28 and a 12-month high of $36.56. The company has a current ratio of 7.59, a quick ratio of 5.30 and a debt-to-equity ratio of 3.96.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.54) by ($0.02). Hilton Grand Vacations had a return on equity of 15.12% and a net margin of 5.82%. The company had revenue of $123.00 million during the quarter, compared to analysts’ expectations of $139.29 million. During the same period in the prior year, the business posted $0.43 EPS. The company’s quarterly revenue was down 72.9% on a year-over-year basis. As a group, sell-side analysts forecast that Hilton Grand Vacations Inc will post 0.07 earnings per share for the current year.
HGV has been the subject of a number of analyst reports. TheStreet cut shares of Hilton Grand Vacations from a “c-” rating to a “d” rating in a research report on Thursday. SunTrust Banks decreased their target price on shares of Hilton Grand Vacations from $43.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Nomura decreased their target price on shares of Hilton Grand Vacations from $33.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Credit Suisse Group initiated coverage on shares of Hilton Grand Vacations in a research report on Thursday, May 21st. They set a “buy” rating and a $23.00 target price for the company. Finally, Zacks Investment Research cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus price target of $31.56.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
Further Reading: Why do companies engage in swaps?
Want to see what other hedge funds are holding HGV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Grand Vacations Inc (NYSE:HGV).
Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with MarketBeat.com's FREE daily email newsletter.