Covey Capital Advisors LLC Increases Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Covey Capital Advisors LLC increased its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 368.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,148 shares of the company's stock after buying an additional 38,664 shares during the quarter. Hilton Grand Vacations comprises approximately 2.0% of Covey Capital Advisors LLC's holdings, making the stock its 15th largest holding. Covey Capital Advisors LLC's holdings in Hilton Grand Vacations were worth $1,785,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Khrom Capital Management LLC bought a new position in shares of Hilton Grand Vacations during the second quarter valued at approximately $3,872,000. Barnett & Company Inc. bought a new position in Hilton Grand Vacations in the 3rd quarter valued at $1,190,000. Hantz Financial Services Inc. bought a new position in Hilton Grand Vacations in the 2nd quarter valued at $2,694,000. Assenagon Asset Management S.A. increased its stake in Hilton Grand Vacations by 44.9% in the third quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company's stock worth $5,386,000 after purchasing an additional 45,978 shares during the period. Finally, Lombard Odier Asset Management USA Corp bought a new stake in shares of Hilton Grand Vacations during the second quarter worth $786,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HGV. Barclays upped their price target on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Wednesday. 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. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a "sell" rating and a $31.00 target price for the company. Finally, Mizuho cut their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $43.86.

Hilton Grand Vacations Stock Up 1.6 %

NYSE HGV traded up $0.65 during midday trading on Friday, hitting $42.39. 832,359 shares of the company traded hands, compared to its average volume of 789,771. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The company's 50-day simple moving average is $38.84 and its 200-day simple moving average is $39.31. The company has a market cap of $4.17 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations's revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. As a group, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.48 earnings per share for the current year.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, 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 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 approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 88,532 shares of the company's stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. 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.