Hilton Grand Vacations Inc (HGV) is FrontFour Capital Group LLC’s 4th Largest Position
FrontFour Capital Group LLC cut its stake in Hilton Grand Vacations Inc (NYSE:HGV) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 428,235 shares of the company’s stock after selling 18,042 shares during the period. Hilton Grand Vacations comprises about 3.0% of FrontFour Capital Group LLC’s holdings, making the stock its 4th largest holding. FrontFour Capital Group LLC owned about 0.43% of Hilton Grand Vacations worth $16,543,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in HGV. The Manufacturers Life Insurance Company lifted its holdings in Hilton Grand Vacations by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after buying an additional 202 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Hilton Grand Vacations during the 3rd quarter worth about $125,000. New York State Teachers Retirement System purchased a new stake in Hilton Grand Vacations during the 3rd quarter worth about $201,000. Nisa Investment Advisors LLC lifted its holdings in Hilton Grand Vacations by 129.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after buying an additional 3,500 shares during the last quarter. Finally, Pacad Investment Ltd. lifted its holdings in Hilton Grand Vacations by 6.7% during the 2nd quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock worth $231,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 99.35% of the company’s stock.
Hilton Grand Vacations Inc (NYSE:HGV) traded down $0.28 on Wednesday, hitting $42.41. The stock had a trading volume of 277,400 shares, compared to its average volume of 698,403. The company has a debt-to-equity ratio of 3.29, a current ratio of 4.50 and a quick ratio of 3.39. Hilton Grand Vacations Inc has a twelve month low of $24.60 and a twelve month high of $43.19. The firm has a market capitalization of $4,230.11 and a PE ratio of 23.33.
Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Wednesday, November 1st. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. Hilton Grand Vacations had a return on equity of 72.15% and a net margin of 10.84%. The business had revenue of $426.00 million for the quarter, compared to analysts’ expectations of $435.83 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. equities research analysts forecast that Hilton Grand Vacations Inc will post 1.96 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $38.78.
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.
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).
Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with Analyst Ratings Network's FREE daily email newsletter.