Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Corebridge Financial Inc.

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

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

Hilton Grand Vacations Price Performance

HGV stock traded down $3.30 on Thursday, reaching $34.56. 434,077 shares of the company's stock were exchanged, compared to its average volume of 827,456. The stock has a fifty day moving average of $40.04 and a 200-day moving average of $39.44. The firm has a market cap of $3.27 billion, a PE ratio of 39.27, a P/E/G ratio of 2.20 and a beta of 1.68. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $46.89.

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Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations 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, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. JMP Securities decreased 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 report on Wednesday, December 18th. Truist Financial boosted their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. Morgan Stanley initiated coverage on Hilton Grand Vacations in a report on Monday, January 6th. They set an "overweight" rating and a $47.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a "sell" rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Hilton Grand Vacations has a consensus rating of "Hold" and a consensus price target of $47.25.

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.