Phocas Financial Corp. Has $4.31 Million Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Phocas Financial Corp. decreased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,573 shares of the company’s stock after selling 7,315 shares during the quarter. Phocas Financial Corp.’s holdings in Hilton Grand Vacations were worth $4,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HGV. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the third quarter worth approximately $25,000. nVerses Capital LLC bought a new position in Hilton Grand Vacations during the second quarter worth $32,000. Blue Trust Inc. raised its stake in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations in the 2nd quarter valued at $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Hilton Grand Vacations in the 2nd quarter worth $120,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock opened at $41.44 on Tuesday. The business has a 50 day simple moving average of $37.74 and a 200 day simple moving average of $39.37. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $49.02. The company has a market capitalization of $4.08 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on HGV. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, Truist Financial lowered their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.00.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.