Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Choreo LLC

Choreo LLC lowered its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 2.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,754 shares of the company’s stock after selling 1,093 shares during the quarter. Choreo LLC’s holdings in Hilton Grand Vacations were worth $1,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the third quarter worth about $25,000. Blue Trust Inc. lifted its stake 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 in the last quarter. KBC Group NV lifted its stake in shares of Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after purchasing an additional 889 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Hilton Grand Vacations during the fourth quarter worth about $204,000. Finally, Wittenberg Investment Management Inc. acquired a new position in shares of Hilton Grand Vacations in the third quarter worth about $345,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Activity

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the sale, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JMP Securities cut their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley assumed coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price target on the stock. Barclays reiterated an “equal weight” rating and issued a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. 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 Stock Down 2.1 %

Shares of Hilton Grand Vacations stock opened at $41.69 on Friday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market cap of $4.11 billion, a P/E ratio of 47.38, a P/E/G ratio of 2.16 and a beta of 1.85. Hilton Grand Vacations Inc. has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The business has a 50-day moving average price of $40.21 and a 200 day moving average price of $39.07.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. On average, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 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.