Covestor Ltd Grows Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Covestor Ltd increased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 432.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,283 shares of the company’s stock after purchasing an additional 1,042 shares during the period. Covestor Ltd’s holdings in Hilton Grand Vacations were worth $50,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HGV. Amalgamated Bank boosted its position in shares of Hilton Grand Vacations by 0.9% during the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock worth $1,125,000 after buying an additional 263 shares during the period. Bank of Montreal Can boosted its holdings in Hilton Grand Vacations by 5.1% during the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock valued at $290,000 after acquiring an additional 361 shares during the period. KBC Group NV grew its position in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after acquiring an additional 889 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hilton Grand Vacations by 12.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,301 shares of the company’s stock worth $752,000 after purchasing an additional 2,170 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Hilton Grand Vacations by 5.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 64,693 shares of the company’s stock worth $2,480,000 after purchasing an additional 3,576 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a “sell” rating for the company in a report on Monday. Barclays boosted their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Mizuho increased their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Morgan Stanley initiated coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 target price for the company. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.75.

Hilton Grand Vacations Stock Down 2.1 %

Hilton Grand Vacations stock opened at $33.25 on Tuesday. The stock has a market cap of $3.15 billion, a PE ratio of 37.78, a P/E/G ratio of 2.20 and a beta of 1.68. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The stock’s fifty day moving average is $38.52 and its two-hundred day moving average is $39.20. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $45.48.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. On average, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

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.