PB Investment Partners L.P. Purchases 31,939 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

PB Investment Partners L.P. raised its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 5.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 571,414 shares of the company’s stock after acquiring an additional 31,939 shares during the period. Hilton Grand Vacations makes up about 16.7% of PB Investment Partners L.P.’s holdings, making the stock its 3rd largest position. PB Investment Partners L.P.’s holdings in Hilton Grand Vacations were worth $22,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new stake in Hilton Grand Vacations in the 3rd quarter valued at $25,000. Blue Trust Inc. lifted its stake in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Hilton Grand Vacations during the second quarter valued at about $93,000. Crossmark Global Holdings Inc. acquired a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $204,000. Finally, Wittenberg Investment Management Inc. bought a new stake in shares of Hilton Grand Vacations during the third quarter worth about $345,000. Institutional investors own 97.23% of the company’s stock.

Insiders Place Their Bets

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

Hilton Grand Vacations Trading Down 0.7 %

Shares of Hilton Grand Vacations stock opened at $41.23 on Friday. The stock has a fifty day moving average price of $40.24 and a 200-day moving average price of $39.11. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm has a market cap of $4.06 billion, a PE ratio of 46.85, a P/E/G ratio of 2.12 and a beta of 1.86. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $49.02.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Truist Financial cut their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Barclays reissued an “equal weight” rating and issued a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Mizuho cut their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, JMP Securities reduced 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 note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.00.

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.