Apollo Management Holdings L.P. Has $1.02 Billion Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Apollo Management Holdings L.P. decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 13.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,295,825 shares of the company's stock after selling 4,000,000 shares during the period. Hilton Grand Vacations makes up about 14.1% of Apollo Management Holdings L.P.'s investment portfolio, making the stock its 2nd largest position. Apollo Management Holdings L.P. owned 26.70% of Hilton Grand Vacations worth $1,024,222,000 as of its most recent SEC filing.

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

Hilton Grand Vacations Stock Up 6.1 %

NYSE:HGV traded up $2.26 during mid-day trading on Friday, reaching $39.03. The stock had a trading volume of 1,240,185 shares, compared to its average volume of 901,027. 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 company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $45.00. The stock's 50 day simple moving average is $36.35 and its two-hundred day simple moving average is $38.99.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HGV shares. The Goldman Sachs Group raised their target price on Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a report on Friday. Mizuho lifted their price objective on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday. Truist Financial upped their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Morgan Stanley dropped their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays decreased their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.