Blue Trust Inc. Buys 588 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Blue Trust Inc. increased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 141.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,003 shares of the company’s stock after purchasing an additional 588 shares during the quarter. Blue Trust Inc.’s holdings in Hilton Grand Vacations were worth $36,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State of Michigan Retirement System boosted its holdings in Hilton Grand Vacations by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 17,500 shares of the company’s stock valued at $826,000 after acquiring an additional 400 shares during the period. BNP Paribas Financial Markets boosted its holdings in Hilton Grand Vacations by 17.7% during the 1st quarter. BNP Paribas Financial Markets now owns 77,210 shares of the company’s stock valued at $3,645,000 after acquiring an additional 11,610 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Hilton Grand Vacations by 4.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company’s stock valued at $582,000 after acquiring an additional 523 shares during the period. Capstone Investment Advisors LLC purchased a new position in Hilton Grand Vacations during the 1st quarter valued at $432,000. Finally, GSA Capital Partners LLP purchased a new position in Hilton Grand Vacations during the 1st quarter valued at $884,000. Institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $36.00 in a report on Friday, August 9th. Mizuho lowered their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 9th. The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price for the company. Barclays lowered their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.71.

Hilton Grand Vacations Trading Up 1.5 %

Shares of NYSE HGV opened at $37.44 on Friday. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The stock has a market capitalization of $3.80 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.02 and a beta of 1.83. Hilton Grand Vacations Inc. has a 1-year low of $33.13 and a 1-year high of $49.02. The business has a fifty day moving average price of $37.06 and a 200 day moving average price of $39.57.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.55 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.