Victory Capital Management Inc. Has $1.05 Million Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Victory Capital Management Inc. increased its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 57.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,938 shares of the company’s stock after acquiring an additional 9,798 shares during the period. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $1,049,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. FMR LLC grew its holdings in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the last quarter. Mudita Advisors LLP grew its holdings in Hilton Grand Vacations by 1.1% during the third quarter. Mudita Advisors LLP now owns 916,765 shares of the company’s stock valued at $33,297,000 after purchasing an additional 9,800 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hilton Grand Vacations by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock valued at $34,746,000 after purchasing an additional 30,019 shares during the last quarter. Finally, PB Investment Partners L.P. grew its holdings in 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 valued at $22,257,000 after purchasing an additional 31,939 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Mizuho increased their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Morgan Stanley assumed coverage on Hilton Grand Vacations in a report on Monday, January 6th. They set an “overweight” rating and a $47.00 price target on the stock. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. JMP Securities lowered their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Barclays raised their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. One equities research 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 MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Trading Down 1.2 %

Shares of Hilton Grand Vacations stock opened at $37.70 on Friday. The company’s fifty day simple moving average is $40.35 and its 200-day simple moving average is $39.34. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 2.20 and a beta of 1.84. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $47.81.

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

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.