Hilton Grand Vacations Inc. (NYSE:HGV) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 262.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 50,342 shares of the company's stock after acquiring an additional 36,465 shares during the period. Assenagon Asset Management S.A. owned 0.05% of Hilton Grand Vacations worth $1,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock worth $40,000 after acquiring an additional 550 shares in the last quarter. Rhumbline Advisers increased its position in Hilton Grand Vacations by 1.2% during the first quarter. Rhumbline Advisers now owns 213,288 shares of the company's stock valued at $7,979,000 after acquiring an additional 2,438 shares during the last quarter. GAMMA Investing LLC grew its holdings in Hilton Grand Vacations by 9,418.9% during the 1st quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock worth $6,410,000 after acquiring an additional 16,954 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Hilton Grand Vacations by 23.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,665 shares of the company's stock valued at $6,881,000 after purchasing an additional 33,931 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $814,000. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Price Performance

HGV stock traded up $0.27 during mid-day trading on Friday, reaching $39.62. 1,776,354 shares of the company traded hands, compared to its average volume of 920,148. The company has a fifty day moving average price of $37.85 and a 200-day moving average price of $38.79. The company has a market capitalization of $3.63 billion, a P/E ratio of 123.83, a P/E/G ratio of 4.54 and a beta of 1.63. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $44.99. The company has a debt-to-equity ratio of 4.01, a current ratio of 3.95 and a quick ratio of 2.49.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.09 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 the consensus estimate of $1.25 billion. Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business's revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. As a group, analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the transaction, the insider now directly owns 60,270 shares of the company's stock, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HGV shares. The Goldman Sachs Group boosted their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Morgan Stanley decreased their price objective on 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. Mizuho lifted 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, May 2nd. Finally, Truist Financial boosted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, March 7th. 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 data from MarketBeat.com, Hilton Grand Vacations has an average rating of "Hold" and a consensus price target of $46.00.

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.