Blueshift Asset Management LLC Raises Position 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% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,939 shares of the company’s stock after buying an additional 4,633 shares during the quarter. Blueshift Asset Management LLC’s holdings in Hilton Grand Vacations were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HGV. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations in the 3rd quarter valued at approximately $25,000. nVerses Capital LLC bought a new position in shares of Hilton Grand Vacations during the second quarter valued at $32,000. Blue Trust Inc. boosted its position 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 valued at $36,000 after buying an additional 588 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations in the 2nd quarter worth about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Hilton Grand Vacations in the 2nd quarter worth about $120,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

HGV has been the topic of a number of recent analyst reports. Mizuho dropped their price target 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. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price for the company. Truist Financial dropped 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. Barclays upped their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and a consensus price target of $43.86.

Hilton Grand Vacations Trading Up 0.2 %

Shares of NYSE:HGV opened at $41.74 on Thursday. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $49.02. The company has a market cap 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. The stock has a 50 day moving average of $38.65 and a 200 day moving average of $39.31. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Insider Activity

In other 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 sale, the insider now owns 88,532 shares in the company, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’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 completion of the transaction, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Company 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.