Bank of New York Mellon Corp Trims Position in Hilton Grand Vacations Inc (NYSE:HGV)

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Bank of New York Mellon Corp decreased its position in shares of Hilton Grand Vacations Inc (NYSE:HGV) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 728,892 shares of the company’s stock after selling 376,303 shares during the quarter. Bank of New York Mellon Corp owned 0.75% of Hilton Grand Vacations worth $24,126,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $232,000. First Hawaiian Bank acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $247,000. Stone Ridge Asset Management LLC increased its holdings in shares of Hilton Grand Vacations by 45.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 14,482 shares of the company’s stock worth $479,000 after buying an additional 4,556 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $573,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $611,000. 93.97% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HGV traded up $0.48 on Friday, reaching $31.60. The stock had a trading volume of 497,594 shares, compared to its average volume of 1,005,153. The company has a debt-to-equity ratio of 2.38, a current ratio of 4.69 and a quick ratio of 3.35. Hilton Grand Vacations Inc has a 12-month low of $24.17 and a 12-month high of $47.75. The stock has a market cap of $3.06 billion, a P/E ratio of 16.04, a PEG ratio of 2.24 and a beta of 1.69.

In related news, Director David William Johnson purchased 7,000 shares of Hilton Grand Vacations stock in a transaction dated Monday, December 10th. The shares were acquired at an average price of $28.54 per share, with a total value of $199,780.00. Following the completion of the transaction, the director now owns 43,135 shares of the company’s stock, valued at approximately $1,231,072.90. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

A number of analysts have recently commented on the company. ValuEngine downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Macquarie raised shares of Hilton Grand Vacations from a “neutral” rating to an “outperform” rating in a research report on Thursday, November 15th. Goldman Sachs Group decreased their price target on shares of Hilton Grand Vacations to $39.00 and set a “buy” rating for the company in a research report on Tuesday, November 27th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Hilton Grand Vacations from $47.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $40.50.

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About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare 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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