Keybank National Association OH Trims Holdings in Hilton Grand Vacations Inc (NYSE:HGV)

Keybank National Association OH decreased its holdings in Hilton Grand Vacations Inc (NYSE:HGV) by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,662 shares of the company’s stock after selling 5,096 shares during the quarter. Keybank National Association OH’s holdings in Hilton Grand Vacations were worth $562,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its position in Hilton Grand Vacations by 5.3% during the 1st quarter. FMR LLC now owns 14,155,214 shares of the company’s stock worth $436,688,000 after buying an additional 715,636 shares during the last quarter. Long Pond Capital LP raised its position in Hilton Grand Vacations by 9.6% during the 1st quarter. Long Pond Capital LP now owns 5,867,092 shares of the company’s stock worth $181,000,000 after buying an additional 515,057 shares during the last quarter. Principal Financial Group Inc. raised its position in Hilton Grand Vacations by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 3,495,354 shares of the company’s stock worth $107,832,000 after buying an additional 124,140 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Hilton Grand Vacations by 13.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 2,080,797 shares of the company’s stock worth $64,193,000 after buying an additional 246,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Hilton Grand Vacations by 30.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 982,307 shares of the company’s stock worth $25,923,000 after buying an additional 231,148 shares during the last quarter. Hedge funds and other institutional investors own 98.86% of the company’s stock.

NYSE:HGV opened at $32.22 on Wednesday. The company has a quick ratio of 3.50, a current ratio of 4.77 and a debt-to-equity ratio of 3.80. Hilton Grand Vacations Inc has a fifty-two week low of $24.17 and a fifty-two week high of $33.99. The stock has a market cap of $2.37 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.39 and a beta of 2.04. The firm’s fifty day simple moving average is $30.15 and its 200-day simple moving average is $30.36.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The company had revenue of $454.00 million for the quarter, compared to analyst estimates of $454.44 million. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. Equities analysts anticipate that Hilton Grand Vacations Inc will post 2.21 earnings per share for the current year.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $27.76, for a total transaction of $55,520.00. Following the transaction, the insider now directly owns 53,547 shares of the company’s stock, valued at approximately $1,486,464.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.05% of the company’s stock.

A number of equities analysts have commented on the stock. TheStreet downgraded shares of Hilton Grand Vacations from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. ValuEngine downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research report on Wednesday, August 7th. Nomura restated a “neutral” rating on shares of Hilton Grand Vacations in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded shares of Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 price objective for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates 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; 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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