Entropy Technologies LP Invests $467,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Entropy Technologies LP bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,994 shares of the company’s stock, valued at approximately $467,000.

A number of other large investors also recently added to or reduced their stakes in HGV. Franklin Resources Inc. boosted its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after acquiring an additional 499,067 shares during the last quarter. FMR LLC increased its stake in Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Mudita Advisors LLP raised its stake in Hilton Grand Vacations by 1.1% during the third quarter. Mudita Advisors LLP now owns 916,765 shares of the company’s stock valued at $33,297,000 after purchasing an additional 9,800 shares in the last quarter. PB Investment Partners L.P. lifted its position in Hilton Grand Vacations by 5.9% during the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after purchasing an additional 31,939 shares during the last quarter. Finally, Iridian Asset Management LLC CT increased its holdings in shares of Hilton Grand Vacations by 8.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company’s stock worth $11,320,000 after buying an additional 24,053 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group boosted their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 price objective for the company. Barclays reissued an “equal weight” rating and issued a $41.00 target price (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Finally, Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and an average target price of $44.00.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $42.13 on Thursday. The firm’s 50 day moving average price is $40.20 and its 200-day moving average price is $39.00. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company has a market cap of $4.15 billion, a PE ratio of 47.88, a P/E/G ratio of 2.24 and a beta of 1.85. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the transaction, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Company Profile

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.