Apollo Management Holdings L.P. Lowers Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Apollo Management Holdings L.P. lessened its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 13.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,295,825 shares of the company’s stock after selling 4,000,000 shares during the period. Hilton Grand Vacations comprises approximately 14.1% of Apollo Management Holdings L.P.’s holdings, making the stock its 2nd biggest position. Apollo Management Holdings L.P. owned approximately 26.70% of Hilton Grand Vacations worth $1,024,222,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HGV. Barclays PLC lifted its stake in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after purchasing an additional 188,997 shares during the period. Franklin Resources Inc. increased its stake in shares of Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Hilton Grand Vacations by 38,000.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company’s stock valued at $371,000 after purchasing an additional 9,500 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Hilton Grand Vacations during the 4th quarter valued at $204,000. Finally, PB Investment Partners L.P. boosted its holdings in Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after buying an additional 31,939 shares during the period. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 1.0 %

Shares of NYSE HGV opened at $33.92 on Wednesday. The firm’s 50-day moving average price is $36.61 and its 200-day moving average price is $39.00. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $45.00.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HGV shares. Truist Financial upped their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays upped their target price on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Mizuho upped their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, The Goldman Sachs Group dropped their target price on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a “sell” rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $44.63.

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.