Seven Grand Managers LLC Cuts Stake in Hilton Grand Vacations Inc. $HGV

Seven Grand Managers LLC decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 50.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,000 shares of the company’s stock after selling 75,000 shares during the period. Seven Grand Managers LLC’s holdings in Hilton Grand Vacations were worth $3,356,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in HGV. AQR Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after purchasing an additional 615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after purchasing an additional 3,705 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after purchasing an additional 8,567 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

HGV has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Zacks Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Mizuho lowered their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Friday, February 27th. The Goldman Sachs Group reiterated a “sell” rating and set a $40.00 price target on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Finally, Citizens Jmp upped their price target on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.22.

Hilton Grand Vacations Stock Up 3.1%

NYSE:HGV opened at $51.35 on Thursday. The firm’s 50-day moving average price is $44.86 and its 200-day moving average price is $44.49. The company has a market capitalization of $4.10 billion, a PE ratio of 27.46, a P/E/G ratio of 0.75 and a beta of 1.49. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. Hilton Grand Vacations Inc. has a 1-year low of $36.79 and a 1-year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, equities analysts predict that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.

Insider Transactions at Hilton Grand Vacations

In other news, insider Carlos Hernandez sold 5,595 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares of the company’s stock, valued at $657,395.20. This represents a 28.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the sale, the insider directly owned 68,615 shares in the company, valued at $3,270,190.90. This represents a 32.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.10% of the stock is owned by corporate insiders.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.