MassMutual Private Wealth & Trust FSB Boosts Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

MassMutual Private Wealth & Trust FSB increased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 38,000.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,525 shares of the company’s stock after buying an additional 9,500 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Hilton Grand Vacations were worth $371,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations during the 3rd quarter valued at about $25,000. Blue Trust Inc. lifted its holdings in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Grand Vacations during the second quarter worth about $93,000. Wittenberg Investment Management Inc. purchased a new stake in Hilton Grand Vacations in the third quarter valued at approximately $345,000. Finally, Magnetar Financial LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $403,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the sale, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HGV has been the topic of several recent research reports. Truist Financial dropped their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. JMP Securities decreased their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Mizuho decreased their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus price target of $44.00.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $40.85 on Thursday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $49.02. The business has a 50-day moving average price of $40.34 and a 200 day moving average price of $39.07. The firm has a market cap of $4.02 billion, a PE ratio of 46.42, a P/E/G ratio of 2.10 and a beta of 1.86.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.44 earnings per share for the current fiscal year.

Hilton Grand Vacations 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.