Nomura Holdings Inc. decreased its holdings in Hilton Grand Vacations Inc (NYSE:HGV) by 63.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,442 shares of the company’s stock after selling 308,000 shares during the quarter. Nomura Holdings Inc. owned 0.21% of Hilton Grand Vacations worth $5,684,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HGV. Long Pond Capital LP raised its holdings in Hilton Grand Vacations by 34.1% in the 2nd quarter. Long Pond Capital LP now owns 7,867,092 shares of the company’s stock worth $250,331,000 after purchasing an additional 2,000,000 shares during the period. Prudential Financial Inc. raised its holdings in Hilton Grand Vacations by 1,156.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,833,084 shares of the company’s stock worth $58,329,000 after purchasing an additional 1,687,240 shares during the period. P2 Capital Partners LLC raised its holdings in Hilton Grand Vacations by 35.5% in the 2nd quarter. P2 Capital Partners LLC now owns 4,500,000 shares of the company’s stock worth $143,190,000 after purchasing an additional 1,178,425 shares during the period. FMR LLC raised its holdings in Hilton Grand Vacations by 5.3% in the 1st quarter. FMR LLC now owns 14,155,214 shares of the company’s stock worth $436,688,000 after purchasing an additional 715,636 shares during the period. Finally, North Peak Capital Management LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter worth about $19,025,000.
HGV has been the subject of a number of analyst reports. Janney Montgomery Scott cut Hilton Grand Vacations from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Wednesday. They noted that the move was a valuation call. Nomura increased their target price on Hilton Grand Vacations from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday. ValuEngine cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 target price for the company in a report on Tuesday, August 20th. Finally, Goldman Sachs Group cut Hilton Grand Vacations from a “buy” rating to a “neutral” rating and increased their target price for the company from $35.00 to $37.00 in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Hilton Grand Vacations has a consensus rating of “Hold” and a consensus target price of $36.71.
Shares of Hilton Grand Vacations stock opened at $32.09 on Friday. Hilton Grand Vacations Inc has a fifty-two week low of $24.17 and a fifty-two week high of $35.03. The stock has a 50 day moving average of $31.59 and a 200 day moving average of $30.64. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.65 and a beta of 1.99. The company has a debt-to-equity ratio of 3.80, a quick ratio of 3.50 and a current ratio of 4.77.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $454.00 million for the quarter, compared to analysts’ expectations of $454.44 million. Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The company’s quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Analysts forecast that Hilton Grand Vacations Inc will post 2.21 EPS for the current year.
In other news, insider Barbara L. Hollkamp sold 2,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $33.56, for a total value of $67,120.00. Following the sale, the insider now directly owns 51,547 shares in the company, valued at $1,729,917.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.05% of the stock is currently owned by company insiders.
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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