9,500 Shares in Hilton Grand Vacations Inc. (NYSE:HGV) Acquired by Wittenberg Investment Management Inc.

Wittenberg Investment Management Inc. acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,500 shares of the company’s stock, valued at approximately $345,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Reston Wealth Management LLC bought a new position in shares of Hilton Grand Vacations during the third quarter valued at $25,000. nVerses Capital LLC bought a new position in Hilton Grand Vacations during the 2nd quarter valued at about $32,000. Blue Trust Inc. lifted its stake in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Hilton Grand Vacations in the second quarter worth approximately $120,000. Institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Mizuho reduced their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Truist Financial dropped their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Trading Up 1.8 %

Shares of NYSE:HGV opened at $42.18 on Monday. The stock has a 50 day moving average of $38.31 and a 200 day moving average of $39.29. The company has a market cap of $4.15 billion, a PE ratio of 47.93, a price-to-earnings-growth ratio of 2.28 and a beta of 1.82. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $49.02. 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 (NYSE:HGV) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.49 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.