State Street Corp Trims Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

State Street Corp lowered its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,486,352 shares of the company’s stock after selling 87,972 shares during the quarter. State Street Corp owned approximately 2.52% of Hilton Grand Vacations worth $90,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in shares of Hilton Grand Vacations during the third quarter worth approximately $25,000. nVerses Capital LLC purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth approximately $32,000. Blue Trust Inc. raised 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 during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth approximately $120,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Up 0.4 %

Hilton Grand Vacations stock opened at $40.49 on Tuesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 2.25 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 stock’s fifty day moving average is $39.72 and its two-hundred day moving average is $39.26.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Analysts predict that Hilton Grand Vacations Inc. will post 3.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HGV. Mizuho cut their price target on 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. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Truist Financial cut their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Barclays reiterated an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday. Finally, The Goldman Sachs Group increased their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.29.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction 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 sale, the insider now directly owns 26,295,825 shares in the company, valued at approximately $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 corporate insiders.

About Hilton Grand Vacations

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.