Allspring Global Investments Holdings LLC Sells 944 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Allspring Global Investments Holdings LLC cut its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,732 shares of the company’s stock after selling 944 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hilton Grand Vacations were worth $462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Hilton Grand Vacations during the second quarter valued at $32,000. Blue Trust Inc. increased its holdings in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations in the 2nd quarter worth about $93,000. Ashton Thomas Private Wealth LLC bought a new stake in Hilton Grand Vacations in the 2nd quarter worth about $120,000. Finally, Qsemble Capital Management LP bought a new stake in Hilton Grand Vacations in the 1st quarter worth about $249,000. 97.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HGV. Mizuho reduced their price objective 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. Truist Financial cut their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $43.71.

Hilton Grand Vacations Stock Up 1.5 %

HGV stock opened at $37.44 on Friday. The business’s 50-day moving average price is $37.06 and its 200-day moving average price is $39.57. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02. The stock has a market cap of $3.80 billion, a P/E ratio of 26.18, a PEG ratio of 2.02 and a beta of 1.83.

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

Hilton Grand Vacations Profile

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.