Rhumbline Advisers Sells 6,204 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Rhumbline Advisers lowered its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,317 shares of the company’s stock after selling 6,204 shares during the period. Rhumbline Advisers owned approximately 0.23% of Hilton Grand Vacations worth $9,514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $23,383,000. Breach Inlet Capital Management LLC acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $13,700,000. Dimensional Fund Advisors LP raised its position in shares of Hilton Grand Vacations by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,763,168 shares of the company’s stock valued at $70,847,000 after buying an additional 267,567 shares in the last quarter. Parsifal Capital Management LP raised its position in shares of Hilton Grand Vacations by 6.0% in the 4th quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock valued at $160,107,000 after buying an additional 225,893 shares in the last quarter. Finally, Gray Foundation acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $8,539,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 1.4 %

HGV opened at $35.91 on Friday. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.11 and a beta of 1.83. The company’s 50 day moving average price is $39.04 and its two-hundred day moving average price is $41.76.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. As a group, research analysts predict that Hilton Grand Vacations Inc. will post 3.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HGV. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their target price for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Mizuho lowered their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays lowered their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.83.

Hilton Grand Vacations Company 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.