Flinton Capital Management LLC Sells 10,642 Shares of Hilton Grand Vacations Inc (HGV)
Flinton Capital Management LLC decreased its holdings in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 55.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,704 shares of the company’s stock after selling 10,642 shares during the quarter. Flinton Capital Management LLC’s holdings in Hilton Grand Vacations were worth $230,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HGV. Stone Ridge Asset Management LLC lifted its stake in shares of Hilton Grand Vacations by 45.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 14,482 shares of the company’s stock worth $479,000 after purchasing an additional 4,556 shares during the period. SG Americas Securities LLC lifted its stake in shares of Hilton Grand Vacations by 772.2% during the 3rd quarter. SG Americas Securities LLC now owns 50,917 shares of the company’s stock worth $1,685,000 after purchasing an additional 45,079 shares during the period. Prudential Financial Inc. lifted its stake in shares of Hilton Grand Vacations by 482.7% during the 3rd quarter. Prudential Financial Inc. now owns 1,238,570 shares of the company’s stock worth $40,996,000 after purchasing an additional 1,025,995 shares during the period. Piedmont Investment Advisors Inc. purchased a new position in shares of Hilton Grand Vacations during the 3rd quarter worth $232,000. Finally, Eagle Asset Management Inc. lifted its stake in shares of Hilton Grand Vacations by 991.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 221,229 shares of the company’s stock worth $7,322,000 after purchasing an additional 200,951 shares during the period. Institutional investors and hedge funds own 99.49% of the company’s stock.
HGV has been the topic of a number of recent analyst reports. ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Goldman Sachs Group reduced their price target on Hilton Grand Vacations to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, November 27th. TheStreet raised Hilton Grand Vacations from a “c” rating to a “b-” rating in a research note on Tuesday, February 19th. Zacks Investment Research lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Finally, SunTrust Banks increased their price target on Hilton Grand Vacations to $51.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $40.67.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Wednesday, February 27th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $642.00 million during the quarter, compared to the consensus estimate of $589.49 million. Hilton Grand Vacations had a return on equity of 56.90% and a net margin of 14.91%. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS. On average, analysts forecast that Hilton Grand Vacations Inc will post 2.8 earnings per share for the current fiscal year.
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About Hilton Grand Vacations
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare 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.
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