Hotchkis & Wiley Capital Management LLC Purchases 24,330 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Hotchkis & Wiley Capital Management LLC raised its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,350 shares of the company's stock after purchasing an additional 24,330 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.25% of Hilton Grand Vacations worth $8,802,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Hilton Grand Vacations

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

Hilton Grand Vacations Stock Down 0.1 %

HGV traded down $0.05 during trading on Thursday, reaching $41.94. The company had a trading volume of 838,475 shares, compared to its average volume of 792,678. The company has a market cap of $4.13 billion, a P/E ratio of 47.75, a PEG ratio of 2.27 and a beta of 1.85. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $49.02. The business's fifty day moving average price is $39.08 and its 200 day moving average price is $39.29. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

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). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business's revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Mizuho decreased their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. Barclays upped their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Jefferies Financial Group lowered Hilton Grand Vacations from a "buy" rating to a "hold" rating and decreased their target price for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. Truist Financial cut their price target on shares of 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, JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $55.00 to $36.00 in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.86.

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.