Schroder Investment Management Group acquired a new stake in Hilton Grand Vacations Inc (NYSE:HGV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 18,800 shares of the company’s stock, valued at approximately $789,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its stake in shares of Hilton Grand Vacations by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after buying an additional 202 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Hilton Grand Vacations during the third quarter worth about $125,000. New York State Teachers Retirement System purchased a new stake in Hilton Grand Vacations during the third quarter worth about $201,000. State of Alaska Department of Revenue purchased a new stake in Hilton Grand Vacations during the fourth quarter worth about $226,000. Finally, Teacher Retirement System of Texas purchased a new stake in Hilton Grand Vacations during the third quarter worth about $236,000. Hedge funds and other institutional investors own 97.51% of the company’s stock.
Shares of Hilton Grand Vacations Inc (NYSE:HGV) traded up $1.41 during trading hours on Wednesday, hitting $47.21. 1,730,740 shares of the stock traded hands, compared to its average volume of 680,033. The company has a market cap of $4,572.54, a PE ratio of 13.96 and a beta of 0.96. Hilton Grand Vacations Inc has a 52-week low of $27.96 and a 52-week high of $47.57. The company has a quick ratio of 3.34, a current ratio of 4.49 and a debt-to-equity ratio of 2.06.
HGV has been the subject of a number of research analyst reports. SunTrust Banks set a $50.00 price objective on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, January 3rd. Macquarie assumed coverage on shares of Hilton Grand Vacations in a research report on Friday, January 5th. They set a “neutral” rating for the company. Finally, ValuEngine upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.00.
About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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