Hilton Grand Vacations Inc (HGV) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in Hilton Grand Vacations Inc (NYSE:HGV) by 90.9% during the third quarter, HoldingsChannel reports. The firm owned 12,514 shares of the company’s stock after selling 124,949 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hilton Grand Vacations were worth $413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of HGV. FMR LLC boosted its stake in shares of Hilton Grand Vacations by 19.7% in the 2nd quarter. FMR LLC now owns 13,605,392 shares of the company’s stock valued at $472,108,000 after purchasing an additional 2,239,716 shares in the last quarter. BlackRock Inc. boosted its position in Hilton Grand Vacations by 14.1% during the 2nd quarter. BlackRock Inc. now owns 4,037,843 shares of the company’s stock worth $140,113,000 after buying an additional 497,595 shares during the period. Janus Henderson Group PLC boosted its position in Hilton Grand Vacations by 430.8% during the 2nd quarter. Janus Henderson Group PLC now owns 290,031 shares of the company’s stock worth $10,064,000 after buying an additional 235,386 shares during the period. Renaissance Technologies LLC boosted its position in Hilton Grand Vacations by 68.6% during the 2nd quarter. Renaissance Technologies LLC now owns 515,800 shares of the company’s stock worth $17,898,000 after buying an additional 209,951 shares during the period. Finally, Natixis acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth approximately $6,868,000. Institutional investors own 94.66% of the company’s stock.

NYSE:HGV opened at $29.51 on Friday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.35 and a current ratio of 4.69. Hilton Grand Vacations Inc has a one year low of $24.17 and a one year high of $47.75. The company has a market cap of $2.83 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 2.07 and a beta of 1.62.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). Hilton Grand Vacations had a return on equity of 45.87% and a net margin of 20.01%. The firm had revenue of $427.00 million for the quarter, compared to the consensus estimate of $429.21 million. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect that Hilton Grand Vacations Inc will post 3.02 earnings per share for the current fiscal year.

In other news, Director David William Johnson purchased 7,000 shares of the stock in a transaction on Monday, December 10th. The stock was purchased at an average price of $28.54 per share, for a total transaction of $199,780.00. Following the acquisition, the director now owns 43,135 shares in the company, valued at $1,231,072.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is currently owned by company insiders.

Several research firms recently commented on HGV. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. ValuEngine downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Goldman Sachs Group cut their target price on shares of Hilton Grand Vacations to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, November 27th. JPMorgan Chase & Co. cut their target price on shares of Hilton Grand Vacations from $47.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Finally, Macquarie upgraded shares of Hilton Grand Vacations from a “neutral” rating to an “outperform” rating in a research report on Thursday, November 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Hilton Grand Vacations presently has an average rating of “Buy” and a consensus price target of $40.50.

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Hilton Grand Vacations Company Profile

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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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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