Macquarie Group Ltd. increased its holdings in Hilton Grand Vacations Inc (NYSE:HGV) by 5,484.6% in the 4th quarter, HoldingsChannel reports. The fund owned 29,040 shares of the company’s stock after purchasing an additional 28,520 shares during the period. Macquarie Group Ltd.’s holdings in Hilton Grand Vacations were worth $1,218,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. American International Group Inc. lifted its stake in Hilton Grand Vacations by 204.0% in the 4th quarter. American International Group Inc. now owns 2,432 shares of the company’s stock worth $102,000 after acquiring an additional 1,632 shares in the last quarter. Elkfork Partners LLC purchased a new stake in Hilton Grand Vacations in the 4th quarter worth about $105,000. The Manufacturers Life Insurance Company lifted its stake in Hilton Grand Vacations by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after acquiring an additional 202 shares in the last quarter. SG Americas Securities LLC acquired a new position in Hilton Grand Vacations in the 3rd quarter worth about $125,000. Finally, Flinton Capital Management LLC acquired a new position in Hilton Grand Vacations in the 4th quarter worth about $127,000. 97.59% of the stock is owned by hedge funds and other institutional investors.
Shares of HGV stock opened at $42.65 on Friday. The company has a current ratio of 4.49, a quick ratio of 3.34 and a debt-to-equity ratio of 2.06. Hilton Grand Vacations Inc has a fifty-two week low of $30.44 and a fifty-two week high of $47.75. The stock has a market capitalization of $4,289.67, a price-to-earnings ratio of 21.65 and a beta of 0.94.
Several brokerages have weighed in on HGV. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, March 6th. SunTrust Banks set a $50.00 target price on Hilton Grand Vacations and gave the stock a “buy” rating in a research report on Thursday, March 1st. ValuEngine raised Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Macquarie began coverage on Hilton Grand Vacations in a research report on Friday, January 5th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.00.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $46.10, for a total transaction of $1,140,975,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.46% of the company’s stock.
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Hilton Grand Vacations Company Profile
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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