Assenagon Asset Management S.A. Lowers Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Assenagon Asset Management S.A. lowered its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 90.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,877 shares of the company's stock after selling 134,415 shares during the period. Assenagon Asset Management S.A.'s holdings in Hilton Grand Vacations were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HGV. Blue Trust Inc. boosted its position in 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 buying an additional 588 shares during the period. Reston Wealth Management LLC bought a new position in shares of Hilton Grand Vacations during the third quarter valued at $25,000. Creative Planning lifted its holdings in shares of Hilton Grand Vacations by 17.1% during the third quarter. Creative Planning now owns 15,381 shares of the company's stock worth $559,000 after purchasing an additional 2,245 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Hilton Grand Vacations in the second quarter worth $93,000. Finally, Victory Capital Management Inc. increased its holdings in Hilton Grand Vacations by 16.9% in the third quarter. Victory Capital Management Inc. now owns 17,140 shares of the company's stock valued at $623,000 after purchasing an additional 2,477 shares during the period. Institutional investors and hedge funds own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Barclays reissued an "equal weight" rating and set a $41.00 target price (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. JMP Securities decreased their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. Finally, Mizuho dropped their target price 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of "Hold" and an average target price of $44.00.

Hilton Grand Vacations Stock Down 0.7 %

Hilton Grand Vacations stock traded down $0.27 during midday trading on Friday, reaching $41.23. The stock had a trading volume of 531,475 shares, compared to its average volume of 760,567. The company has a fifty day moving average price of $40.24 and a two-hundred day moving average price of $39.11. The company has a market capitalization of $4.06 billion, a P/E ratio of 46.85, a PEG ratio of 2.12 and a beta of 1.86. 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 Inc. has a 12 month low of $33.21 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results 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). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Hilton Grand Vacations's revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, equities analysts expect that Hilton Grand Vacations Inc. will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the transaction, the insider now owns 88,532 shares of the company's stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 26,295,825 shares of the company's stock, 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. Insiders own 2.30% of the company's stock.

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.