PB Investment Partners L.P. Acquires 31,939 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

PB Investment Partners L.P. boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 571,414 shares of the company's stock after acquiring an additional 31,939 shares during the quarter. Hilton Grand Vacations accounts for 16.7% of PB Investment Partners L.P.'s investment portfolio, making the stock its 3rd biggest position. PB Investment Partners L.P. owned 0.58% of Hilton Grand Vacations worth $22,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations during the 3rd quarter worth $25,000. Blue Trust Inc. lifted its stake in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock worth $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth about $93,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at about $204,000. Finally, Wittenberg Investment Management Inc. acquired a new position in Hilton Grand Vacations during the 3rd quarter worth approximately $345,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Insiders Place Their Bets

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the transaction, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value 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 insiders.

Hilton Grand Vacations Stock Performance

NYSE:HGV traded down $0.27 during trading hours on Friday, reaching $41.23. 531,475 shares of the stock were exchanged, compared to its average volume of 760,567. The stock has a market capitalization of $4.06 billion, a P/E ratio of 46.85, a P/E/G ratio of 2.12 and a beta of 1.86. The firm has a 50 day simple moving average of $40.24 and a 200-day simple moving average of $39.11. 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 52 week low of $33.21 and a 52 week high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data 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 return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.98 EPS. The business's revenue for the quarter was up 28.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HGV has been the subject of several recent research reports. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a research report on Monday, January 6th. They issued an "overweight" rating and a $47.00 price objective for the company. Barclays reaffirmed an "equal weight" rating and set a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. JMP Securities lowered their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research note on Wednesday, December 18th. 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hilton Grand Vacations has a consensus rating of "Hold" and a consensus price target of $44.00.

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.