Vanguard Group Inc. Sells 323,888 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Vanguard Group Inc. reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,459,643 shares of the company’s stock after selling 323,888 shares during the period. Vanguard Group Inc. owned approximately 6.91% of Hilton Grand Vacations worth $303,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Hilton Grand Vacations by 4.1% in the 1st quarter. American Century Companies Inc. now owns 52,433 shares of the company’s stock worth $2,727,000 after purchasing an additional 2,064 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Hilton Grand Vacations by 327.3% in the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock worth $28,000 after buying an additional 419 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Hilton Grand Vacations by 54.6% in the first quarter. MetLife Investment Management LLC now owns 45,634 shares of the company’s stock worth $2,373,000 after buying an additional 16,123 shares in the last quarter. Rhumbline Advisers grew its position in Hilton Grand Vacations by 4.3% during the first quarter. Rhumbline Advisers now owns 92,190 shares of the company’s stock valued at $4,795,000 after acquiring an additional 3,840 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Hilton Grand Vacations by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company’s stock worth $340,000 after acquiring an additional 436 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Up 0.7 %

Shares of Hilton Grand Vacations stock opened at $47.71 on Thursday. The company’s fifty day simple moving average is $44.30 and its two-hundred day simple moving average is $40.55. The company has a market cap of $5.00 billion, a P/E ratio of 17.04, a PEG ratio of 0.96 and a beta of 1.93. The company has a current ratio of 4.34, a quick ratio of 3.10 and a debt-to-equity ratio of 2.13. Hilton Grand Vacations Inc. has a 12-month low of $33.13 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 EPS. Research analysts anticipate that Hilton Grand Vacations Inc. will post 4.07 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HGV shares. Truist Financial upped their price objective on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, March 15th. JMP Securities restated a “market outperform” rating and set a $55.00 price target on shares of Hilton Grand Vacations in a research report on Friday, March 1st. Mizuho initiated coverage on Hilton Grand Vacations in a research note on Tuesday. They set a “buy” rating and a $63.00 price objective on the stock. Barclays boosted their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and raised their price target for the stock from $39.00 to $50.00 in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations has a consensus rating of “Moderate Buy” and an average target price of $57.29.

Insider Activity

In related news, insider Charles R. Jr. Corbin sold 38,557 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the transaction, the insider now directly owns 166,997 shares in the company, valued at approximately $7,711,921.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the transaction, the insider now owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares in the company, valued at $7,711,921.46. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.