Wells Fargo & Company MN lowered its position in Hilton Grand Vacations Inc (NYSE:HGV) by 86.9% during the 2nd quarter, Holdings Channel reports. The fund owned 143,181 shares of the company’s stock after selling 953,540 shares during the period. Wells Fargo & Company MN’s holdings in Hilton Grand Vacations were worth $4,556,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in Hilton Grand Vacations by 0.6% in the first quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock worth $2,900,000 after acquiring an additional 594 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Hilton Grand Vacations by 0.5% in the first quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock worth $4,720,000 after acquiring an additional 693 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in Hilton Grand Vacations in the first quarter worth approximately $30,000. State Board of Administration of Florida Retirement System boosted its holdings in Hilton Grand Vacations by 1.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 93,684 shares of the company’s stock worth $2,890,000 after acquiring an additional 1,450 shares in the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. boosted its holdings in Hilton Grand Vacations by 3.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 111,285 shares of the company’s stock worth $3,541,000 after acquiring an additional 3,750 shares in the last quarter.

Shares of HGV stock traded up $0.35 during trading hours on Thursday, reaching $33.71. The company had a trading volume of 388,882 shares, compared to its average volume of 1,742,387. Hilton Grand Vacations Inc has a 12 month low of $24.17 and a 12 month high of $35.03. The company has a debt-to-equity ratio of 3.80, a current ratio of 4.77 and a quick ratio of 3.50. The business has a fifty day simple moving average of $30.65 and a 200-day simple moving average of $30.63. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.99.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). Hilton Grand Vacations had a net margin of 12.92% and a return on equity of 46.30%. The company had revenue of $454.00 million during the quarter, compared to the consensus estimate of $454.44 million. During the same quarter in the prior year, the business earned $1.10 EPS. The firm’s revenue for the quarter was down 19.4% compared to the same quarter last year. On average, equities research analysts expect that Hilton Grand Vacations Inc will post 2.21 earnings per share for the current year.

HGV has been the topic of several recent research reports. Nomura set a $29.00 price target on Hilton Grand Vacations and gave the stock a “hold” rating in a report on Wednesday, August 21st. Zacks Investment Research lowered Hilton Grand Vacations from a “buy” rating to a “sell” rating in a report on Wednesday, August 7th. Goldman Sachs Group lowered Hilton Grand Vacations from a “buy” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $37.00 in a report on Thursday. ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upgraded Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 price target on the stock in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.17.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $33.56, for a total value of $67,120.00. Following the transaction, the insider now owns 51,547 shares in the company, valued at $1,729,917.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.05% of the stock is owned by company insiders.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership 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.

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

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