North Peak Capital Management LLC Sells 138,301 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

North Peak Capital Management LLC lessened its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,891,472 shares of the company's stock after selling 138,301 shares during the period. Hilton Grand Vacations accounts for about 30.1% of North Peak Capital Management LLC's investment portfolio, making the stock its biggest holding. North Peak Capital Management LLC owned 5.98% of Hilton Grand Vacations worth $213,978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HGV. FMR LLC increased its stake in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after buying an additional 917,397 shares during the period. Long Pond Capital LP raised its holdings in Hilton Grand Vacations by 218.0% during 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 in the last quarter. Millennium Management LLC lifted its holdings in shares of Hilton Grand Vacations by 44.5% in the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock valued at $91,752,000 after buying an additional 698,664 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company's stock valued at $78,961,000 after buying an additional 162,459 shares in the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in Hilton Grand Vacations by 63.9% during the second quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company's stock worth $11,628,000 after acquiring an additional 112,117 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HGV shares. StockNews.com lowered shares of Hilton Grand Vacations from a "hold" rating to a "sell" rating in a research report on Monday, August 12th. Truist Financial decreased 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. Mizuho cut their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. The Goldman Sachs Group began coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a "sell" rating and a $31.00 target price on the stock. Finally, Barclays upped their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $43.86.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 88,532 shares of the company's stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company's stock.

Hilton Grand Vacations Stock Down 5.9 %

Shares of Hilton Grand Vacations stock traded down $2.63 during midday trading on Tuesday, hitting $41.63. The company's stock had a trading volume of 3,129,856 shares, compared to its average volume of 786,548. 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 1-year low of $33.21 and a 1-year high of $49.02. The stock has a 50-day simple moving average of $38.46 and a 200-day simple moving average of $39.30. The firm has a market capitalization of $4.10 billion, a P/E ratio of 47.32, a PEG ratio of 2.28 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced 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 net margin of 2.01% and a return on equity of 16.44%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was up 28.3% on a year-over-year basis. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.49 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.