Edgestream Partners L.P. Acquires New Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Edgestream Partners L.P. acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 74,008 shares of the company's stock, valued at approximately $2,688,000. Edgestream Partners L.P. owned about 0.08% of Hilton Grand Vacations at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after buying an additional 588 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations in the 3rd quarter valued at about $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the second quarter worth about $32,000. MQS Management LLC lifted its position in shares of Hilton Grand Vacations by 7.4% during the second quarter. MQS Management LLC now owns 16,494 shares of the company's stock worth $667,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Hilton Grand Vacations by 17.1% in the third quarter. Creative Planning now owns 15,381 shares of the company's stock valued at $559,000 after purchasing an additional 2,245 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a "buy" rating to a "hold" rating and reduced their target price for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Mizuho decreased their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Barclays upped their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. JPMorgan Chase & Co. cut Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of "Hold" and an average price target of $43.86.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 88,532 shares of the company's stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the sale, the insider now directly owns 26,295,825 shares of the company's stock, valued at $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 Stock Down 0.9 %

HGV traded down $0.36 on Tuesday, reaching $41.26. The company's stock had a trading volume of 1,165,175 shares, compared to its average volume of 791,842. 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 fifty-two week low of $33.21 and a fifty-two week high of $49.02. The stock has a 50 day moving average of $38.98 and a two-hundred day moving average of $39.27. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 46.89, a P/E/G ratio of 2.29 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the business earned $0.98 earnings per share. The company's quarterly revenue was up 28.3% on a year-over-year basis. As a group, analysts forecast that Hilton Grand Vacations Inc. will post 3.43 EPS for the current fiscal year.

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.