Covey Capital Advisors LLC Sells 4,906 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Covey Capital Advisors LLC lessened its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,242 shares of the company’s stock after selling 4,906 shares during the period. Hilton Grand Vacations makes up about 2.0% of Covey Capital Advisors LLC’s holdings, making the stock its 14th biggest holding. Covey Capital Advisors LLC’s holdings in Hilton Grand Vacations were worth $1,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the third quarter worth about $25,000. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 588 shares during the last quarter. KBC Group NV grew its holdings in shares of Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after purchasing an additional 889 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Hilton Grand Vacations during the fourth quarter worth about $204,000. Finally, Wittenberg Investment Management Inc. bought a new stake in shares of Hilton Grand Vacations during the third quarter worth about $345,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

Shares of HGV opened at $41.99 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The business’s 50 day moving average price is $40.36 and its two-hundred day moving average price is $39.07. The firm has a market cap of $4.14 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 2.27 and a beta of 1.85.

Insider Transactions 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 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HGV. Barclays restated an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Truist Financial reduced their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Mizuho reduced their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Morgan Stanley started coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and an average price target of $44.00.

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.