May 11, 2021

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Truist Financial Corp Raises Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

3 min read

Truist Financial Corp lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 22.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,371 shares of the company’s stock after purchasing an additional 2,460 shares during the period. Truist Financial Corp’s holdings in Hilton Grand Vacations were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank raised its holdings in shares of Hilton Grand Vacations by 0.9% in the third quarter. Swiss National Bank now owns 182,960 shares of the company’s stock worth $3,839,000 after buying an additional 1,700 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Hilton Grand Vacations by 13.5% in the third quarter. Nisa Investment Advisors LLC now owns 18,050 shares of the company’s stock worth $379,000 after buying an additional 2,150 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Hilton Grand Vacations by 2.6% in the third quarter. UBS Asset Management Americas Inc. now owns 91,596 shares of the company’s stock worth $1,922,000 after buying an additional 2,303 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Hilton Grand Vacations by 39.7% in the third quarter. Great West Life Assurance Co. Can now owns 8,217 shares of the company’s stock worth $198,000 after buying an additional 2,335 shares during the period. Finally, Aperio Group LLC raised its holdings in shares of Hilton Grand Vacations by 12.0% in the third quarter. Aperio Group LLC now owns 36,555 shares of the company’s stock worth $767,000 after buying an additional 3,908 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Shares of NYSE HGV opened at $30.55 on Thursday. The company has a current ratio of 7.24, a quick ratio of 4.80 and a debt-to-equity ratio of 4.02. The stock has a market capitalization of $2.60 billion, a PE ratio of 109.11 and a beta of 2.25. The stock’s fifty day simple moving average is $28.03 and its two-hundred day simple moving average is $23.19. Hilton Grand Vacations Inc. has a 12-month low of $8.28 and a 12-month high of $35.07.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, October 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. The business had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $213.87 million. Hilton Grand Vacations had a return on equity of 6.06% and a net margin of 2.17%. The business’s revenue for the quarter was down 55.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. On average, equities analysts predict that Hilton Grand Vacations Inc. will post -0.33 earnings per share for the current fiscal year.

HGV has been the topic of several research reports. The Goldman Sachs Group upgraded Hilton Grand Vacations from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $22.50 to $29.00 in a report on Tuesday, September 8th. ValuEngine upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Zacks Investment Research downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Friday, October 30th. Finally, BidaskClub upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Tuesday, December 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $26.60.

About Hilton Grand Vacations

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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Want to see what other hedge funds are holding HGV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Grand Vacations Inc. (NYSE:HGV).

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



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