Apollo Management Holdings L.P. Lowers Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Apollo Management Holdings L.P. lowered its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 13.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 26,295,825 shares of the company's stock after selling 4,000,000 shares during the period. Hilton Grand Vacations accounts for approximately 14.1% of Apollo Management Holdings L.P.'s portfolio, making the stock its 2nd biggest holding. Apollo Management Holdings L.P. owned approximately 26.70% of Hilton Grand Vacations worth $1,024,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HGV. Franklin Resources Inc. raised its stake in Hilton Grand Vacations by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock worth $143,031,000 after purchasing an additional 373,442 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock valued at $114,329,000 after purchasing an additional 512,362 shares during the period. Nantahala Capital Management LLC grew its position in shares of Hilton Grand Vacations by 131.8% during the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after buying an additional 984,166 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Hilton Grand Vacations by 10.3% in the 4th quarter. Northern Trust Corp now owns 892,091 shares of the company's stock valued at $34,747,000 after purchasing an additional 83,334 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Hilton Grand Vacations by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock worth $34,746,000 after buying an additional 30,019 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Price Performance

Shares of HGV traded down $0.15 during midday trading on Monday, reaching $38.81. The stock had a trading volume of 281,905 shares, compared to its average volume of 900,561. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm's 50 day moving average price is $36.35 and its 200-day moving average price is $39.00. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $45.00. The company has a market capitalization of $3.67 billion, a P/E ratio of 44.06, a P/E/G ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HGV has been the topic of a number of research reports. Truist Financial lifted their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. Mizuho upped their price objective on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. The Goldman Sachs Group raised their target price on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a report on Friday. Finally, JMP Securities reissued a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations has a consensus rating of "Hold" and a consensus target price of $46.00.

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.