Shell Asset Management Co. Sells 1,399 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Posted by MarketBeat News on Aug 4th, 2022

Shell Asset Management Co. reduced its stake in Hilton Grand Vacations Inc. (NYSE:HGV – Get Rating) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,456 shares of the company’s stock after selling 1,399 shares during the quarter. Shell Asset Management Co.’s holdings in Hilton Grand Vacations were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Capital International Investors grew its position in shares of Hilton Grand Vacations by 0.3% during the 4th quarter. Capital International Investors now owns 7,909,060 shares of the company’s stock worth $412,141,000 after purchasing an additional 22,835 shares in the last quarter. CAS Investment Partners LLC grew its position in shares of Hilton Grand Vacations by 28.8% during the 4th quarter. CAS Investment Partners LLC now owns 7,727,165 shares of the company’s stock worth $402,663,000 after purchasing an additional 1,727,165 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Hilton Grand Vacations by 17.3% during the 4th quarter. Alliancebernstein L.P. now owns 5,421,050 shares of the company’s stock worth $282,491,000 after purchasing an additional 797,831 shares in the last quarter. State Street Corp grew its position in shares of Hilton Grand Vacations by 1.1% during the 4th quarter. State Street Corp now owns 1,687,360 shares of the company’s stock worth $87,928,000 after purchasing an additional 18,714 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Hilton Grand Vacations by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,448,654 shares of the company’s stock worth $75,489,000 after purchasing an additional 22,449 shares in the last quarter. Institutional investors and hedge funds own 97.12% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $42.35 on Thursday. Hilton Grand Vacations Inc. has a fifty-two week low of $34.31 and a fifty-two week high of $56.33. The company has a debt-to-equity ratio of 1.99, a current ratio of 3.85 and a quick ratio of 2.74. The firm has a market capitalization of $5.09 billion, a P/E ratio of 20.76 and a beta of 2.00. The company’s 50 day moving average price is $40.25 and its two-hundred day moving average price is $45.66.

Hilton Grand Vacations (NYSE:HGV – Get Rating) last issued its earnings results on Monday, May 9th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). Hilton Grand Vacations had a net margin of 8.13% and a return on equity of 15.83%. The company had revenue of $779.00 million during the quarter, compared to analyst estimates of $761.25 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The business’s quarterly revenue was up 231.5% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HGV shares. TheStreet lowered shares of Hilton Grand Vacations from a “b” rating to a “c+” rating in a research report on Tuesday, June 21st. Barclays initiated coverage on shares of Hilton Grand Vacations in a research report on Tuesday, June 28th. They set an “overweight” rating and a $50.00 price target on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.25.

Hilton Grand Vacations Profile

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Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages 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 and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.