Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,573 shares of the company’s stock after selling 7,315 shares during the quarter. Phocas Financial Corp. owned 0.12% of Hilton Grand Vacations worth $4,307,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $25,000. nVerses Capital LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth about $32,000. Blue Trust Inc. lifted its stake in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Hilton Grand Vacations in the second quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $120,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $41.44 on Tuesday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82. The company’s fifty day moving average is $37.74 and its 200-day moving average is $39.37. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. Equities analysts expect that Hilton Grand Vacations Inc. will post 3.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HGV. Mizuho lowered their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Barclays upped their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.