Franklin Resources Inc. Grows Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,298,729 shares of the company's stock after purchasing an additional 499,067 shares during the quarter. Franklin Resources Inc. owned 3.35% of Hilton Grand Vacations worth $117,402,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Long Pond Capital LP lifted its holdings in shares of Hilton Grand Vacations by 218.0% in the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock valued at $48,553,000 after buying an additional 823,228 shares during the period. Millennium Management LLC boosted its stake in shares of Hilton Grand Vacations by 44.5% in the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock worth $91,752,000 after buying an additional 698,664 shares during the last quarter. Barclays PLC grew its holdings in Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after acquiring an additional 188,997 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Hilton Grand Vacations by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company's stock valued at $78,961,000 after acquiring an additional 162,459 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HGV shares. Mizuho cut their target price on shares of 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 reissued an "equal weight" rating and set a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. 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 research report on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $44.29.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV traded up $0.18 during midday trading on Monday, hitting $40.49. The stock had a trading volume of 511,085 shares, compared to its average volume of 790,872. 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 stock has a 50 day simple moving average of $39.72 and a 200-day simple moving average of $39.26. The company has a market capitalization of $3.99 billion, a PE ratio of 46.07, a P/E/G ratio of 2.25 and a beta of 1.85. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The company's revenue for the quarter was up 28.3% on a year-over-year basis. On average, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.43 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm'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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated 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 transaction, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

About Hilton Grand Vacations

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.