JPMorgan Chase & Co. Purchases 37,907 Shares of Hilton Grand Vacations Inc. $HGV

JPMorgan Chase & Co. boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 19.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 237,836 shares of the company’s stock after acquiring an additional 37,907 shares during the period. JPMorgan Chase & Co. owned 0.28% of Hilton Grand Vacations worth $9,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations during the first quarter worth about $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hilton Grand Vacations by 1.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after purchasing an additional 615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hilton Grand Vacations by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after purchasing an additional 3,705 shares during the period. Intech Investment Management LLC raised its position in Hilton Grand Vacations by 24.5% during the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after purchasing an additional 8,567 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $612,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 3.6%

NYSE:HGV opened at $43.62 on Friday. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The firm has a market cap of $3.55 billion, a P/E ratio of 47.93, a P/E/G ratio of 0.62 and a beta of 1.43. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The firm has a 50-day simple moving average of $46.19 and a two-hundred day simple moving average of $44.37.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. Analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

HGV has been the topic of a number of recent analyst reports. Zacks Research lowered Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Mizuho reduced their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group increased their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Finally, Barclays lowered their price target on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.78.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.