Barclays PLC Acquires 188,997 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Barclays PLC increased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 330.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 246,131 shares of the company's stock after acquiring an additional 188,997 shares during the quarter. Barclays PLC owned about 0.25% of Hilton Grand Vacations worth $8,941,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HGV. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations in the 3rd quarter valued at about $25,000. nVerses Capital LLC acquired a new position in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $32,000. Blue Trust Inc. increased its stake in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after acquiring an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $120,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Price Performance

HGV traded down $2.38 on Wednesday, reaching $37.98. The company had a trading volume of 1,215,649 shares, compared to its average volume of 792,500. The business has a 50 day simple moving average of $39.89 and a 200 day simple moving average of $39.25. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 2.25 and a beta of 1.85. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $1.31 billion for 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%. The company's revenue was up 28.3% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.43 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on HGV. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. JMP Securities cut their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a report on Wednesday. Barclays reissued an "equal weight" rating and issued a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Mizuho dropped 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $43.57.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated 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 of the company's stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Hilton Grand Vacations 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.