Moody Aldrich Partners LLC Lowers Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Moody Aldrich Partners LLC cut its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 37.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 68,136 shares of the company’s stock after selling 41,593 shares during the period. Moody Aldrich Partners LLC owned 0.07% of Hilton Grand Vacations worth $2,475,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after acquiring an additional 77,934 shares during the last quarter. Millennium Management LLC boosted its position in Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after purchasing an additional 698,664 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after purchasing an additional 162,459 shares in the last quarter. Long Pond Capital LP grew its stake in shares of Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after buying an additional 823,228 shares in the last quarter. Finally, Iridian Asset Management LLC CT boosted its holdings in Hilton Grand Vacations by 63.9% in the 2nd quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock worth $11,628,000 after acquiring an additional 112,117 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HGV. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $36.00 in a report on Friday, August 9th. Mizuho reduced their price target on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Truist Financial lowered their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, Barclays dropped their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.71.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock traded up $0.43 during mid-day trading on Thursday, hitting $37.07. The company’s stock had a trading volume of 66,370 shares, compared to its average volume of 771,440. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02. The stock’s fifty day moving average price is $36.97 and its two-hundred day moving average price is $39.88. The stock has a market capitalization of $3.84 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.88 and a beta of 1.83. 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 (NYSE:HGV) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.62 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 firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $0.85 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. Research analysts forecast that Hilton Grand Vacations Inc. will post 3.55 earnings per share for the current year.

Hilton Grand Vacations Company 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.