Blueshift Asset Management LLC Raises Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Blueshift Asset Management LLC grew its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 28.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 20,939 shares of the company’s stock after acquiring an additional 4,633 shares during the quarter. Blueshift Asset Management LLC’s holdings in Hilton Grand Vacations were worth $761,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. FMR LLC lifted its position in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the last quarter. Millennium Management LLC raised its position in shares of Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after buying an additional 698,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hilton Grand Vacations by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after acquiring an additional 162,459 shares during the last quarter. Long Pond Capital LP lifted its holdings in shares of Hilton Grand Vacations by 218.0% in the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after acquiring an additional 823,228 shares during the last quarter. Finally, Mudita Advisors LLP grew its position in Hilton Grand Vacations by 1.1% in the third quarter. Mudita Advisors LLP now owns 916,765 shares of the company’s stock worth $33,297,000 after acquiring an additional 9,800 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $41.74 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. The stock’s fifty day moving average is $38.65 and its two-hundred day moving average is $39.31. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The company has a market capitalization of $4.11 billion, a PE ratio of 47.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. As a group, analysts expect that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price target for the company from $55.00 to $35.00 in a report on Friday, August 9th. Mizuho dropped their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, Truist Financial lowered their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $43.86.

Insiders Place Their Bets

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’s 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 transaction, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was 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 of the company’s stock, valued at approximately $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. Insiders own 2.30% of the company’s stock.

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.