Hilton Grand Vacations Inc. $HGV Stock Sold by TrinityBridge Ltd

TrinityBridge Ltd reduced its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 58.4% during the third quarter, HoldingsChannel.com reports. The fund owned 417,280 shares of the company’s stock after selling 586,160 shares during the quarter. TrinityBridge Ltd’s holdings in Hilton Grand Vacations were worth $14,465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth about $422,842,000. Bank of America Corp DE purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at approximately $12,947,000. Engineers Gate Manager LP grew its holdings in Hilton Grand Vacations by 690.7% during the 2nd quarter. Engineers Gate Manager LP now owns 41,535 shares of the company’s stock valued at $2,175,000 after buying an additional 36,282 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $18,750,000. Finally, Parsifal Capital Management LP bought a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $108,863,038. 97.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the transaction, the insider owned 47,924 shares in the company, valued at $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is owned by company insiders.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $41.66 on Wednesday. The company has a market cap of $3.16 billion, a P/E ratio of 6.04, a P/E/G ratio of 0.35 and a beta of 1.60. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.35 and a current ratio of 5.15. The business’s 50 day moving average price is $37.59 and its 200-day moving average price is $44.55. Hilton Grand Vacations Inc. has a fifty-two week low of $33.99 and a fifty-two week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, beating the consensus estimate of $1.08 by $2.95. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.39 billion. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. Hilton Grand Vacations’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 5.27 earnings per share for the current year.

Hilton Grand Vacations declared that its board has approved a share repurchase program on Thursday, August 20th that permits the company to repurchase $600 million in shares. This buyback authorization permits the company to reacquire up to 17% of its stock through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently issued reports on HGV shares. Wells Fargo & Company decreased their price objective on Hilton Grand Vacations from $51.00 to $38.00 and set a “cautious” rating on the stock in a report on Monday, October 19th. Susquehanna cut their target price on shares of Hilton Grand Vacations from $50.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. JPMorgan Chase & Co. reduced their price target on shares of Hilton Grand Vacations from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Barclays decreased their price target on shares of Hilton Grand Vacations from $46.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, Wall Street Zen downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.10.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.