Corebridge Financial Inc. Cuts Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Corebridge Financial Inc. reduced its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,322 shares of the company's stock after selling 9,269 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Hilton Grand Vacations worth $4,102,000 as of its most recent filing with the SEC.

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

Hilton Grand Vacations Stock Down 2.4 %

NYSE HGV traded down $0.84 on Friday, reaching $33.64. The company had a trading volume of 1,989,385 shares, compared to its average volume of 839,333. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company's fifty day moving average is $39.75 and its 200 day moving average is $39.39. Hilton Grand Vacations Inc. has a 52-week low of $31.20 and a 52-week high of $46.40. The stock has a market capitalization of $3.18 billion, a P/E ratio of 38.23, a P/E/G ratio of 2.20 and a beta of 1.68.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HGV shares. Mizuho upped their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, February 28th. The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a research note on Tuesday, March 4th. JMP Securities reduced their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research note on Wednesday, December 18th. Morgan Stanley assumed coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They set an "overweight" rating and a $47.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of "Hold" and a consensus target price of $47.25.

Hilton Grand Vacations Company 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.