Phocas Financial Corp. Invests $7.97 Million in Hilton Grand Vacations Inc (HGV) Stock

Phocas Financial Corp. purchased a new position in Hilton Grand Vacations Inc (NYSE:HGV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 301,813 shares of the company’s stock, valued at approximately $7,965,000. Phocas Financial Corp. owned approximately 0.31% of Hilton Grand Vacations at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gateway Investment Advisers LLC increased its stake in Hilton Grand Vacations by 0.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 117,909 shares of the company’s stock worth $3,112,000 after purchasing an additional 365 shares in the last quarter. Legal & General Group Plc increased its stake in Hilton Grand Vacations by 0.8% in the 3rd quarter. Legal & General Group Plc now owns 47,212 shares of the company’s stock worth $1,563,000 after purchasing an additional 390 shares in the last quarter. BB&T Securities LLC increased its stake in Hilton Grand Vacations by 4.2% in the 4th quarter. BB&T Securities LLC now owns 13,142 shares of the company’s stock worth $346,000 after purchasing an additional 534 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hilton Grand Vacations by 10.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,552 shares of the company’s stock worth $173,000 after purchasing an additional 639 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Hilton Grand Vacations by 1.7% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 92,234 shares of the company’s stock worth $2,434,000 after purchasing an additional 1,506 shares in the last quarter.

NYSE:HGV traded down $0.24 on Monday, hitting $30.27. 8,815 shares of the company’s stock traded hands, compared to its average volume of 1,152,820. The company has a debt-to-equity ratio of 2.21, a current ratio of 4.66 and a quick ratio of 3.42. Hilton Grand Vacations Inc has a 1 year low of $24.17 and a 1 year high of $44.49. The stock has a market cap of $2.89 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.69.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Wednesday, February 27th. The company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.04. Hilton Grand Vacations had a return on equity of 56.90% and a net margin of 14.91%. The company had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $589.49 million. During the same quarter in the previous year, the business posted $1.83 EPS. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Grand Vacations Inc will post 2.8 earnings per share for the current year.

HGV has been the topic of a number of analyst reports. TheStreet raised Hilton Grand Vacations from a “c” rating to a “b-” rating in a research note on Tuesday, February 19th. SunTrust Banks lifted 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. ValuEngine raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Credit Suisse Group reissued an “outperform” rating and issued a $37.00 price target on shares of Hilton Grand Vacations in a research note on Wednesday, March 20th. Finally, Zacks Investment Research raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.83.

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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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