Norges Bank purchased a new stake in shares of Hilton Grand Vacations Inc (NYSE:HGV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,256,511 shares of the company’s stock, valued at approximately $33,159,000. Norges Bank owned about 1.30% of Hilton Grand Vacations at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Putnam Investments LLC bought a new position in Hilton Grand Vacations during the 3rd quarter valued at about $2,325,000. Dimensional Fund Advisors LP grew its holdings in Hilton Grand Vacations by 10.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 751,159 shares of the company’s stock valued at $24,863,000 after purchasing an additional 72,384 shares during the last quarter. Royce & Associates LP grew its holdings in Hilton Grand Vacations by 48,602.2% during the 4th quarter. Royce & Associates LP now owns 536,211 shares of the company’s stock valued at $14,151,000 after purchasing an additional 535,110 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in Hilton Grand Vacations during the 4th quarter valued at about $377,000. Finally, BlackRock Inc. grew its holdings in Hilton Grand Vacations by 1.8% during the 3rd quarter. BlackRock Inc. now owns 4,110,260 shares of the company’s stock valued at $136,048,000 after purchasing an additional 72,417 shares during the last quarter.
Several brokerages recently commented on HGV. Credit Suisse Group reiterated an “outperform” rating and set a $37.00 price target on shares of Hilton Grand Vacations in a report on Wednesday, March 20th. Zacks Investment Research cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. SunTrust Banks boosted their price objective on shares of Hilton Grand Vacations to $51.00 and gave the company a “buy” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. TheStreet raised shares of Hilton Grand Vacations from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. Finally, ValuEngine cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.83.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Wednesday, February 27th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. Hilton Grand Vacations had a net margin of 14.91% and a return on equity of 56.90%. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $589.49 million. During the same period in the previous year, the company earned $1.83 EPS. The firm’s quarterly revenue was up 43.6% on a year-over-year basis. As a group, research analysts expect that Hilton Grand Vacations Inc will post 2.8 earnings per share for the current fiscal year.
About Hilton Grand Vacations
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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