Prudential Financial Inc. Buys 346,900 Shares of Hilton Grand Vacations Inc. (HGV)

Prudential Financial Inc. grew its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 1,440.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 370,975 shares of the company’s stock after purchasing an additional 346,900 shares during the quarter. Prudential Financial Inc. owned approximately 0.37% of Hilton Grand Vacations worth $14,331,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after acquiring an additional 3,500 shares during the period. First Quadrant L P CA acquired a new position in shares of Hilton Grand Vacations in the second quarter worth approximately $2,911,000. Acadian Asset Management LLC acquired a new position in shares of Hilton Grand Vacations in the second quarter worth approximately $625,000. Public Employees Retirement Association of Colorado lifted its stake in Hilton Grand Vacations by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock valued at $404,000 after buying an additional 199 shares during the period. Finally, Spark Investment Management LLC lifted its stake in Hilton Grand Vacations by 151.7% in the second quarter. Spark Investment Management LLC now owns 159,800 shares of the company’s stock valued at $5,762,000 after buying an additional 96,300 shares during the period. 99.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) traded up $0.21 during trading on Wednesday, reaching $41.59. The company had a trading volume of 649,465 shares, compared to its average volume of 703,382. The company has a market capitalization of $4,065.62 and a P/E ratio of 22.42. 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 1-year low of $24.60 and a 1-year high of $42.22.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $426.00 million during the quarter, compared to the consensus estimate of $435.83 million. During the same quarter in the prior year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 1.96 EPS for the current fiscal year.

HGV has been the topic of several recent analyst reports. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, August 8th. Instinet restated a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of Hilton Grand Vacations in a report on Wednesday, August 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.78.

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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.

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

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