Los Angeles Capital Management LLC Trims Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Los Angeles Capital Management LLC cut its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 34.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,896 shares of the company’s stock after selling 21,890 shares during the period. Los Angeles Capital Management LLC’s holdings in Hilton Grand Vacations were worth $1,683,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Hilton Grand Vacations by 78.6% during the third quarter. Signaturefd LLC now owns 625 shares of the company’s stock valued at $25,000 after purchasing an additional 275 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Hilton Grand Vacations in the 3rd quarter worth $47,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $85,000. Quantbot Technologies LP bought a new stake in Hilton Grand Vacations during the third quarter valued at about $167,000. Finally, Choreo LLC purchased a new position in Hilton Grand Vacations in the fourth quarter valued at about $201,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Up 0.3 %

Hilton Grand Vacations stock opened at $44.06 on Wednesday. The business’s 50-day simple moving average is $44.94 and its two-hundred day simple moving average is $41.58. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34. The company has a market cap of $4.62 billion, a PE ratio of 15.74, a PEG ratio of 0.84 and a beta of 1.94. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. Hilton Grand Vacations’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 4.35 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on HGV. Mizuho started coverage on shares of Hilton Grand Vacations in a research report on Tuesday, March 26th. They set a “buy” rating and a $63.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a report on Monday, April 15th. They issued an “overweight” rating and a $59.00 price target on the stock. Truist Financial increased their price objective on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, March 15th. Barclays boosted their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $55.00 price target on shares of Hilton Grand Vacations in a research note on Friday, March 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.57.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total value of $1,046,270.00. Following the transaction, the insider now directly owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the transaction, the insider now owns 140,618 shares of the company’s stock, valued at $6,396,712.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 38,557 shares of Hilton Grand Vacations stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the transaction, the insider now directly owns 166,997 shares in the company, valued at $7,711,921.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is owned by corporate insiders.

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.