Victory Capital Management Inc. Buys 2,477 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Victory Capital Management Inc. increased its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 16.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,140 shares of the company’s stock after acquiring an additional 2,477 shares during the period. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. grew its holdings in shares of Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the third quarter valued at approximately $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations in the second quarter worth $32,000. MQS Management LLC raised its holdings in Hilton Grand Vacations by 7.4% in the second quarter. MQS Management LLC now owns 16,494 shares of the company’s stock worth $667,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Creative Planning lifted its position in Hilton Grand Vacations by 17.1% during the third quarter. Creative Planning now owns 15,381 shares of the company’s stock valued at $559,000 after buying an additional 2,245 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HGV shares. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. 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. 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. The Goldman Sachs Group began coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target on the stock. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.86.

Insider Transactions at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the 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 transaction, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. This trade represents a 35.81 % 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 Trading Up 0.2 %

Shares of NYSE HGV opened at $41.74 on Friday. The firm’s 50 day moving average price is $38.74 and its 200-day moving average price is $39.33. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. 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 company has a market cap of $4.11 billion, a PE ratio of 47.43, a P/E/G ratio of 2.40 and a beta of 1.82.

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

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.