Xact Kapitalforvaltning AB Acquires Shares of 5,409 Hilton Grand Vacations (HGV)

Xact Kapitalforvaltning AB acquired a new stake in Hilton Grand Vacations (NYSE:HGV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,409 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC raised its holdings in shares of Hilton Grand Vacations by 96.0% in the fourth quarter. William Blair Investment Management LLC now owns 3,105,485 shares of the company’s stock valued at $130,275,000 after acquiring an additional 1,521,130 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Hilton Grand Vacations by 5,484.6% in the fourth quarter. Macquarie Group Ltd. now owns 29,040 shares of the company’s stock valued at $1,218,000 after acquiring an additional 28,520 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $795,000. PEAK6 Investments L.P. bought a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $401,000. Finally, Millennium Management LLC raised its holdings in shares of Hilton Grand Vacations by 45.7% in the fourth quarter. Millennium Management LLC now owns 398,528 shares of the company’s stock valued at $16,718,000 after acquiring an additional 125,045 shares in the last quarter. Hedge funds and other institutional investors own 97.59% of the company’s stock.

In other Hilton Grand Vacations news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of Hilton Grand Vacations stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $46.10, for a total value of $1,140,975,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is owned by insiders.

HGV has been the subject of several recent research reports. Zacks Investment Research upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, January 3rd. Macquarie initiated coverage on Hilton Grand Vacations in a report on Friday, January 5th. They issued a “neutral” rating for the company. ValuEngine upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, SunTrust Banks set a $50.00 price objective on Hilton Grand Vacations and gave the company a “buy” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.17.

HGV opened at $43.15 on Tuesday. Hilton Grand Vacations has a 1 year low of $30.71 and a 1 year high of $47.75. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.34 and a current ratio of 4.49. The stock has a market capitalization of $4,217.21, a price-to-earnings ratio of 21.57 and a beta of 0.93.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Wednesday, February 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Hilton Grand Vacations had a return on equity of 57.35% and a net margin of 19.11%. The company had revenue of $447.00 million for the quarter, compared to analyst estimates of $450.57 million. sell-side analysts predict that Hilton Grand Vacations will post 2.83 EPS for the current fiscal year.

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Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare 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.

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

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