Kennedy Capital Management Inc. raised its stake in Hilton Grand Vacations Inc (NYSE:HGV) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,384 shares of the company’s stock after acquiring an additional 11,390 shares during the period. Kennedy Capital Management Inc. owned approximately 0.19% of Hilton Grand Vacations worth $7,693,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in Hilton Grand Vacations by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,869,105 shares of the company’s stock worth $72,203,000 after acquiring an additional 309,690 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Hilton Grand Vacations by 1,440.9% in the 3rd quarter. Prudential Financial Inc. now owns 370,975 shares of the company’s stock valued at $14,331,000 after purchasing an additional 346,900 shares during the period. Stifel Financial Corp lifted its stake in shares of Hilton Grand Vacations by 12.6% in the 3rd quarter. Stifel Financial Corp now owns 80,777 shares of the company’s stock valued at $3,123,000 after purchasing an additional 9,055 shares during the period. First Quadrant L P CA raised its stake in Hilton Grand Vacations by 42.1% during the 4th quarter. First Quadrant L P CA now owns 379,243 shares of the company’s stock worth $15,909,000 after buying an additional 112,308 shares during the period. Finally, Swiss National Bank raised its stake in Hilton Grand Vacations by 2.0% during the 4th quarter. Swiss National Bank now owns 126,560 shares of the company’s stock worth $5,309,000 after buying an additional 2,500 shares during the period. 97.51% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on HGV. Zacks Investment Research raised 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 began coverage on Hilton Grand Vacations in a report on Friday, January 5th. They set a “neutral” rating for the company. ValuEngine upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks set a $50.00 price objective on Hilton Grand Vacations and gave the stock a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.00.
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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.
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