Occudo Quantitative Strategies LP Sells 3,125 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Occudo Quantitative Strategies LP lessened its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,989 shares of the company’s stock after selling 3,125 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Hilton Grand Vacations were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HGV. Nantahala Capital Management LLC grew its stake in shares of Hilton Grand Vacations by 131.8% during the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company’s stock valued at $67,422,000 after buying an additional 984,166 shares during the last quarter. Norges Bank bought a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $33,047,000. GRS Advisors LLC bought a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $24,414,000. Dimensional Fund Advisors LP grew its stake in shares of Hilton Grand Vacations by 21.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company’s stock valued at $114,329,000 after buying an additional 512,362 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Hilton Grand Vacations by 27.7% during the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company’s stock valued at $79,664,000 after buying an additional 443,353 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the transaction, the insider now directly owns 60,270 shares in the company, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HGV has been the subject of a number of analyst reports. Morgan Stanley dropped their target price on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Mizuho increased their target price on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Barclays dropped their target price on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a “sell” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.00.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $41.72 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $44.99. The company has a 50-day simple moving average of $36.14 and a two-hundred day simple moving average of $39.12. The firm has a market capitalization of $3.82 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

About Hilton Grand Vacations

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.