Holocene Advisors LP Buys 41,670 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Holocene Advisors LP raised its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 56.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,072 shares of the company's stock after acquiring an additional 41,670 shares during the period. Holocene Advisors LP owned approximately 0.12% of Hilton Grand Vacations worth $4,216,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Khrom Capital Management LLC bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth $3,872,000. Barnett & Company Inc. acquired a new stake in shares of Hilton Grand Vacations during the third quarter worth $1,190,000. Hantz Financial Services Inc. purchased a new position in shares of Hilton Grand Vacations during the second quarter valued at $2,694,000. Covey Capital Advisors LLC grew its holdings in shares of Hilton Grand Vacations by 368.8% during the third quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company's stock valued at $1,785,000 after buying an additional 38,664 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Hilton Grand Vacations by 44.9% during the third quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company's stock valued at $5,386,000 after buying an additional 45,978 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Down 0.1 %

Shares of HGV traded down $0.05 during trading hours on Thursday, hitting $41.94. 838,475 shares of the company were exchanged, compared to its average volume of 792,678. The company has a market cap of $4.13 billion, a PE ratio of 47.75, a PEG ratio of 2.27 and a beta of 1.85. The firm's 50 day moving average is $39.08 and its 200-day moving average is $39.29. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.98 EPS. The business's revenue was up 28.3% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HGV. 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. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. 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. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a "sell" rating and a $31.00 price target on the stock. Finally, Jefferies Financial Group downgraded Hilton Grand Vacations from a "buy" rating to a "hold" rating and lowered their target price for the company from $55.00 to $35.00 in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $43.86.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 88,532 shares of the company's stock, valued at $3,678,504.60. This represents a 35.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 26,295,825 shares of the company's stock, valued at approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by 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.