October 20, 2020

Hilton Grand Vacations Inc (NYSE:HGV) Shares Sold by Nuveen Asset Management LLC

4 min read
Nuveen Asset Management LLC lowered its holdings in Hilton Grand Vacations Inc (NYSE:HGV) by 41.0%...

Nuveen Asset Management LLC lowered its holdings in Hilton Grand Vacations Inc (NYSE:HGV) by 41.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 534,656 shares of the company’s stock after selling 371,053 shares during the period. Nuveen Asset Management LLC’s holdings in Hilton Grand Vacations were worth $10,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank grew its stake in shares of Hilton Grand Vacations by 0.8% in the 1st quarter. Swiss National Bank now owns 165,760 shares of the company’s stock worth $2,614,000 after purchasing an additional 1,300 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Hilton Grand Vacations by 16.3% in the 1st quarter. Virginia Retirement Systems ET AL now owns 16,400 shares of the company’s stock worth $259,000 after purchasing an additional 2,300 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Hilton Grand Vacations by 29.3% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 12,065 shares of the company’s stock worth $190,000 after purchasing an additional 2,733 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Hilton Grand Vacations by 4.4% in the 1st quarter. Legal & General Group Plc now owns 80,198 shares of the company’s stock worth $1,264,000 after purchasing an additional 3,369 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Hilton Grand Vacations by 9.1% in the 2nd quarter. SG Americas Securities LLC now owns 46,202 shares of the company’s stock worth $903,000 after purchasing an additional 3,864 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on HGV. Zacks Investment Research cut shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Wednesday. TheStreet downgraded shares of Hilton Grand Vacations from a “c-” rating to a “d” rating in a research report on Thursday, July 30th. Credit Suisse Group lifted their target price on shares of Hilton Grand Vacations from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Goldman Sachs Group raised shares of Hilton Grand Vacations from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $22.50 to $29.00 in a research report on Tuesday, September 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Hilton Grand Vacations has an average rating of “Hold” and a consensus target price of $29.33.

Shares of HGV opened at $21.38 on Friday. The company’s 50 day moving average price is $21.73 and its 200 day moving average price is $19.96. Hilton Grand Vacations Inc has a 52 week low of $8.28 and a 52 week high of $36.56. The company has a market capitalization of $1.82 billion, a PE ratio of 22.51 and a beta of 2.18. The company has a debt-to-equity ratio of 4.33, a quick ratio of 5.52 and a current ratio of 8.09.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.54) by ($0.02). Hilton Grand Vacations had a net margin of 5.82% and a return on equity of 15.26%. The company had revenue of $123.00 million for the quarter, compared to analysts’ expectations of $139.29 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was down 72.9% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations Inc will post 0.12 earnings per share for the current fiscal year.

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

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