20,524 Shares in Hilton Grand Vacations Inc. (NYSE:HGV) Acquired by Weiss Asset Management LP

Weiss Asset Management LP acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,524 shares of the company's stock, valued at approximately $745,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations during the 3rd quarter worth approximately $25,000. nVerses Capital LLC acquired a new position in Hilton Grand Vacations during the 2nd quarter worth approximately $32,000. 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 acquiring an additional 588 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Hilton Grand Vacations during the 2nd quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Hilton Grand Vacations during the 2nd quarter worth approximately $120,000. 97.23% of the stock is owned by institutional investors and hedge funds.

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 company's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the transaction, the insider now directly owns 88,532 shares of the company's stock, valued at $3,678,504.60. This 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HGV shares. Truist Financial reduced their price target on 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. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a "sell" rating and a $31.00 target price on the stock. Mizuho cut their target price 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 target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Finally, StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $43.86.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock traded down $0.61 during midday trading on Monday, hitting $41.23. 611,753 shares of the company were exchanged, compared to its average volume of 790,909. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm has a market cap of $4.06 billion, a P/E ratio of 47.55, a PEG ratio of 2.30 and a beta of 1.85. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The firm has a 50 day simple moving average of $39.24 and a 200-day simple moving average of $39.27.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data 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 business 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 company's revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Research analysts forecast that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current year.

Hilton Grand Vacations 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.