Union Square Park Capital Management LLC Lowers Holdings in Hilton Grand Vacations Inc. $HGV

Union Square Park Capital Management LLC cut its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 31.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 55,000 shares of the company’s stock after selling 25,000 shares during the quarter. Hilton Grand Vacations accounts for about 1.2% of Union Square Park Capital Management LLC’s holdings, making the stock its 19th largest holding. Union Square Park Capital Management LLC’s holdings in Hilton Grand Vacations were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bard Associates Inc. purchased a new stake in Hilton Grand Vacations in the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares in the last quarter. GAMMA Investing LLC lifted its stake in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after purchasing an additional 349 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Hilton Grand Vacations in the 4th quarter worth approximately $44,000. Finally, Quarry LP purchased a new stake in Hilton Grand Vacations in the 3rd quarter worth approximately $44,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $51.34 on Wednesday. The firm’s fifty day moving average price is $47.74 and its 200-day moving average price is $45.59. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The stock has a market cap of $4.07 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 0.46 and a beta of 1.50. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $53.82.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. On average, equities research analysts expect that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Charles R. Jr. Corbin sold 32,907 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the transaction, the insider owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carlos Hernandez sold 5,595 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total transaction of $261,230.55. Following the transaction, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This represents a 28.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 229,315 shares of company stock worth $11,738,497. 3.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HGV has been the topic of several recent analyst reports. Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Mizuho lowered their target price on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Barclays increased their target price on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and an average price target of $56.89.

Hilton Grand Vacations Profile

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.