Swiss National Bank lifted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 17.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,760 shares of the company’s stock after acquiring an additional 17,000 shares during the period. Swiss National Bank owned 0.12% of Hilton Grand Vacations worth $4,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Hilton Grand Vacations by 138.9% during the second quarter. Principal Financial Group Inc. now owns 1,559,415 shares of the company’s stock worth $56,233,000 after acquiring an additional 906,791 shares during the last quarter. Beach Point Capital Management LP grew its position in shares of Hilton Grand Vacations by 5.9% during the second quarter. Beach Point Capital Management LP now owns 901,338 shares of the company’s stock worth $32,502,000 after acquiring an additional 50,000 shares during the last quarter. Marshall Wace North America L.P. grew its position in shares of Hilton Grand Vacations by 795.1% during the second quarter. Marshall Wace North America L.P. now owns 833,265 shares of the company’s stock worth $29,998,000 after acquiring an additional 740,173 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Hilton Grand Vacations during the second quarter worth approximately $14,390,000. Finally, Scout Investments Inc. purchased a new position in shares of Hilton Grand Vacations during the second quarter worth approximately $13,761,000. Institutional investors and hedge funds own 97.90% of the company’s stock.

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Hilton Grand Vacations Inc. (NYSE:HGV) opened at 38.44 on Friday. The company has a 50-day moving average of $36.26 and a 200-day moving average of $36.26. The stock has a market capitalization of $3.81 billion and a price-to-earnings ratio of 21.88. Hilton Grand Vacations Inc. has a 52-week low of $24.60 and a 52-week high of $38.61.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $413.33 million. Hilton Grand Vacations’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations Inc. will post $1.94 EPS for the current year.

In other news, Director David William Johnson purchased 28,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $35.16 per share, with a total value of $984,480.00. Following the transaction, the director now owns 33,000 shares in the company, valued at approximately $1,160,280. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

A number of equities analysts have recently issued reports on HGV shares. Buckingham Research started coverage on shares of Hilton Grand Vacations in a research report on Monday, June 19th. They set a “buy” rating and a $42.00 target price on the stock. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, June 1st. Nomura raised their target price on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Instinet restated a “buy” rating and set a $45.00 target price (up from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $38.44.

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.

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

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