Entropy Technologies LP Invests $467,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Entropy Technologies LP acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,994 shares of the company's stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock worth $117,402,000 after buying an additional 499,067 shares in the last quarter. Barclays PLC grew its stake in shares of Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after purchasing an additional 188,997 shares during the period. Barnett & Company Inc. bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at about $1,190,000. Covey Capital Advisors LLC grew its stake in shares of Hilton Grand Vacations by 368.8% during the 3rd quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company's stock valued at $1,785,000 after purchasing an additional 38,664 shares during the period. Finally, PB Investment Partners L.P. grew its stake in shares of Hilton Grand Vacations by 5.9% during the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock valued at $22,257,000 after purchasing an additional 31,939 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays reiterated an "equal weight" rating and set a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Morgan Stanley began coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an "overweight" rating and a $47.00 price objective for the company. The Goldman Sachs Group boosted their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a report on Tuesday, December 10th. Mizuho lowered their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Finally, Truist Financial lowered their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $44.00.

Hilton Grand Vacations Price Performance

Shares of HGV traded up $0.37 during mid-day trading on Friday, hitting $42.67. 527,490 shares of the stock were exchanged, compared to its average volume of 631,674. The firm has a 50-day moving average of $40.22 and a two-hundred day moving average of $38.98. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The company has a market cap of $4.20 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 2.24 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.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction on Thursday, November 21st. The stock was 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 in the company, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The transaction was disclosed in a filing 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 on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares in the company, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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.