Corebridge Financial Inc. Sells 9,269 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Corebridge Financial Inc. reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 105,322 shares of the company’s stock after selling 9,269 shares during the quarter. Corebridge Financial Inc.’s holdings in Hilton Grand Vacations were worth $4,102,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. KBC Group NV grew its position in Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after acquiring an additional 889 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $200,000. Crossmark Global Holdings Inc. purchased a new position in shares of Hilton Grand Vacations in the fourth quarter worth $204,000. FourThought Financial Partners LLC bought a new stake in Hilton Grand Vacations during the 4th quarter valued at $232,000. Finally, Cibc World Markets Corp purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $261,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Down 1.4 %

Shares of NYSE HGV opened at $37.35 on Monday. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $47.37. 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 50-day moving average of $40.25 and a 200 day moving average of $39.44. The stock has a market cap of $3.54 billion, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on HGV. Barclays boosted their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Mizuho upped their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Truist Financial lifted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. The Goldman Sachs Group upped their target price on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price target on the stock. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.25.

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.