Hilton Grand Vacations Inc. (NYSE:HGV) Major Shareholder Principal Holdings A. Gp Apollo Sells 4,000,000 Shares

Hilton Grand Vacations Inc. (NYSE:HGV) major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’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 value of $168,400,000.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $41.74 on Thursday. 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 company has a 50 day moving average price of $38.65 and a 200-day moving average price of $39.31. Hilton Grand Vacations Inc. has a 1-year low of $33.21 and a 1-year high of $49.02. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.98 EPS. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. Equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Analysts Set New Price Targets

HGV has been the subject of several research analyst reports. Truist Financial decreased their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday. Mizuho dropped their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, Barclays boosted their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average target price of $43.86.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $25,000. nVerses Capital LLC purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $32,000. MQS Management LLC grew its stake in Hilton Grand Vacations by 7.4% in the 2nd quarter. MQS Management LLC now owns 16,494 shares of the company’s stock valued at $667,000 after acquiring an additional 1,135 shares during the period. Finally, Creative Planning increased its holdings in Hilton Grand Vacations by 17.1% in the 3rd quarter. Creative Planning now owns 15,381 shares of the company’s stock worth $559,000 after acquiring an additional 2,245 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.