Quantbot Technologies LP Takes $484,000 Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Quantbot Technologies LP bought a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,313 shares of the company's stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HGV. Blue Trust Inc. boosted its holdings in Hilton Grand Vacations by 141.7% during the third 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 purchased a new stake in Hilton Grand Vacations during the third quarter worth about $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the second quarter worth about $32,000. MQS Management LLC boosted its holdings in Hilton Grand Vacations by 7.4% during the second quarter. MQS Management LLC now owns 16,494 shares of the company's stock worth $667,000 after buying an additional 1,135 shares in the last quarter. Finally, Creative Planning boosted its holdings in Hilton Grand Vacations by 17.1% during the third quarter. Creative Planning now owns 15,381 shares of the company's stock worth $559,000 after buying an additional 2,245 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HGV shares. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They set a "sell" rating and a $31.00 price objective on the stock. Barclays lifted their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Mizuho cut their target price on shares of 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. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. One research 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. According to MarketBeat, Hilton Grand Vacations presently has an average rating of "Hold" and an average target price of $43.86.

Hilton Grand Vacations Trading Up 1.8 %

Shares of NYSE:HGV traded up $0.76 during trading on Wednesday, reaching $42.02. The stock had a trading volume of 888,327 shares, compared to its average volume of 792,482. The business has a fifty day moving average price of $39.08 and a 200-day moving average price of $39.29. 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 cap of $4.14 billion, a P/E ratio of 47.75, a PEG ratio of 2.29 and a beta of 1.85. Hilton Grand Vacations Inc. has a fifty-two week low of $33.21 and a fifty-two week high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.67 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 analyst estimates of $1.29 billion. During the same period last year, the company posted $0.98 EPS. The business's revenue for the quarter was up 28.3% on a year-over-year basis. As a group, analysts anticipate that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares of the company's stock, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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.