Hilton Grand Vacations Inc. (NYSE:HGV) Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 38,000.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,525 shares of the company's stock after buying an additional 9,500 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Hilton Grand Vacations were worth $371,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its position in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after purchasing an additional 917,397 shares during the period. Long Pond Capital LP lifted its position in Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock worth $48,553,000 after purchasing an additional 823,228 shares during the period. Millennium Management LLC lifted its position in 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 purchasing an additional 698,664 shares during the period. Franklin Resources Inc. lifted its position in Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock worth $117,402,000 after purchasing an additional 499,067 shares during the period. Finally, Barclays PLC raised its stake 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 in the last quarter. Institutional investors own 97.23% of the company's stock.

Insider Activity

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the sale, the insider now directly owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations 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 completion of the transaction, the insider now owns 88,532 shares of the company's stock, valued at approximately $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. Insiders own 2.30% of the company's stock.

Hilton Grand Vacations Stock Performance

Shares of HGV stock traded up $0.64 during trading on Thursday, reaching $41.50. 438,307 shares of the company's stock were exchanged, compared to its average volume of 925,129. 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 $4.09 billion, a PE ratio of 47.16, a PEG ratio of 2.15 and a beta of 1.86. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $49.02. The firm's fifty day moving average price is $40.28 and its 200-day moving average price is $39.08.

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 the consensus estimate 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 quarter last year, the firm earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HGV shares. StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. JMP Securities lowered their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. Truist Financial lowered their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley assumed coverage on 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. One investment 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, the company presently has an average rating of "Hold" and an average price target of $44.00.

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.