Zurcher Kantonalbank Zurich Cantonalbank Sells 1,106 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,671 shares of the company’s stock after selling 1,106 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hilton Grand Vacations were worth $790,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HGV. Signaturefd LLC grew its stake in shares of Hilton Grand Vacations by 78.6% during the third quarter. Signaturefd LLC now owns 625 shares of the company’s stock valued at $25,000 after buying an additional 275 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Hilton Grand Vacations during the 3rd quarter worth approximately $47,000. DekaBank Deutsche Girozentrale purchased a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $85,000. Quantbot Technologies LP bought a new stake in Hilton Grand Vacations in the third quarter valued at approximately $167,000. Finally, Fifth Third Bancorp boosted its stake in shares of Hilton Grand Vacations by 10.7% during the third quarter. Fifth Third Bancorp now owns 5,041 shares of the company’s stock valued at $205,000 after purchasing an additional 489 shares during the period. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Down 1.9 %

NYSE HGV opened at $43.48 on Tuesday. The stock has a market cap of $4.55 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.87 and a beta of 1.93. The stock’s fifty day moving average price is $45.34 and its 200-day moving average price is $41.35. Hilton Grand Vacations Inc. has a 12 month low of $33.13 and a 12 month high of $49.02. 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 (NYSE:HGV) last issued its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts forecast that Hilton Grand Vacations Inc. will post 4.35 EPS for the current fiscal year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the completion of the transaction, the insider now directly owns 166,997 shares of the company’s stock, valued at $7,711,921.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jorge Pablo Brizi sold 28,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now owns 51,855 shares of the company’s stock, valued at approximately $2,437,185. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 89,557 shares of company stock valued at $4,142,832 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on HGV. 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. Barclays lifted their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. JMP Securities restated a “market outperform” rating and set a $55.00 target price on shares of Hilton Grand Vacations in a report on Friday, March 1st. Jefferies Financial Group upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and lifted their price target for the company from $39.00 to $50.00 in a report on Tuesday, January 2nd. Finally, Mizuho started coverage on shares of Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a “buy” rating and a $63.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.57.

Hilton Grand Vacations Company Profile

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.