Algert Global LLC Lowers Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Algert Global LLC reduced its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,896 shares of the company’s stock after selling 6,440 shares during the quarter. Algert Global LLC’s holdings in Hilton Grand Vacations were worth $1,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $25,000. nVerses Capital LLC purchased a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $32,000. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 588 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $120,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 26,295,825 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction 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 owns 88,532 shares of the company’s stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Trading Up 0.2 %

Shares of NYSE HGV opened at $41.74 on Thursday. The stock’s 50 day moving average price is $38.65 and its two-hundred day moving average price is $39.31. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The stock has a market capitalization of $4.11 billion, a P/E ratio of 47.43, a PEG ratio of 2.40 and a beta of 1.82. 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 (NYSE:HGV) last announced 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HGV. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $36.00 in a report on Friday, August 9th. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday. Barclays boosted their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $35.00 in a report on Friday, August 9th. One 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, Hilton Grand Vacations has an average rating of “Hold” and a consensus price target of $43.86.

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.