Bank of America Corp DE Buys 168,791 Shares of Hilton Grand Vacations Inc (HGV)

Bank of America Corp DE raised its stake in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 393.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 211,680 shares of the company’s stock after acquiring an additional 168,791 shares during the quarter. Bank of America Corp DE’s holdings in Hilton Grand Vacations were worth $5,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hilton Grand Vacations by 10.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,552 shares of the company’s stock valued at $173,000 after buying an additional 639 shares in the last quarter. Rehmann Capital Advisory Group grew its position in shares of Hilton Grand Vacations by 3,047.0% in the third quarter. Rehmann Capital Advisory Group now owns 8,308 shares of the company’s stock valued at $251,000 after purchasing an additional 8,044 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 11,894 shares of the company’s stock valued at $303,000 after purchasing an additional 4,486 shares during the last quarter. BB&T Securities LLC grew its position in shares of Hilton Grand Vacations by 4.2% in the fourth quarter. BB&T Securities LLC now owns 13,142 shares of the company’s stock valued at $346,000 after purchasing an additional 534 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $377,000.

Several equities research analysts have recently issued reports on HGV shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Hilton Grand Vacations in a research report on Wednesday, March 20th. ValuEngine downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. SunTrust Banks raised their price target on 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 Hilton Grand Vacations from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. Finally, Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.83.

HGV stock opened at $32.67 on Monday. Hilton Grand Vacations Inc has a twelve month low of $24.17 and a twelve month high of $44.49. The stock has a market cap of $3.04 billion, a P/E ratio of 10.71, a PEG ratio of 1.95 and a beta of 1.68. The company has a debt-to-equity ratio of 2.21, a quick ratio of 3.42 and a current ratio of 4.66.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Wednesday, February 27th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Hilton Grand Vacations had a return on equity of 56.90% and a net margin of 14.91%. The business had revenue of $642.00 million for the quarter, compared to the consensus estimate of $589.49 million. During the same period last year, the business earned $1.83 earnings per share. The firm’s revenue for the quarter was up 43.6% compared to the same quarter last year. On average, sell-side analysts predict that Hilton Grand Vacations Inc will post 2.8 earnings per share for the current fiscal year.

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Hilton Grand Vacations Company Profile

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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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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