Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Long Pond Capital LP

Long Pond Capital LP cut its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 48.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,385,255 shares of the company's stock after selling 1,285,488 shares during the quarter. Hilton Grand Vacations comprises 2.7% of Long Pond Capital LP's investment portfolio, making the stock its 17th biggest holding. Long Pond Capital LP owned approximately 1.41% of Hilton Grand Vacations worth $53,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Hilton Grand Vacations by 330.8% during the third 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 in the last quarter. Franklin Resources Inc. lifted its position in shares of Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after buying an additional 499,067 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Hilton Grand Vacations by 38,000.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company's stock valued at $371,000 after acquiring an additional 9,500 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Hilton Grand Vacations in the 4th quarter worth approximately $204,000. Finally, PB Investment Partners L.P. raised its stake in 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 worth $22,257,000 after acquiring an additional 31,939 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HGV. Truist Financial raised their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. Mizuho raised their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, February 28th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. The Goldman Sachs Group lowered their price objective on Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating for the company in a research note on Monday, April 14th. Finally, Barclays boosted their target price on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.75.

Hilton Grand Vacations Stock Performance

Shares of HGV traded down $0.19 during mid-day trading on Monday, reaching $32.99. The company had a trading volume of 481,038 shares, compared to its average volume of 873,303. The stock has a 50 day moving average of $37.83 and a two-hundred day moving average of $39.12. 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 market capitalization of $3.12 billion, a P/E ratio of 37.49, a PEG ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $45.48.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

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.