Man Group plc Purchases 71,352 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Man Group plc lifted its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 193.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,248 shares of the company's stock after buying an additional 71,352 shares during the quarter. Man Group plc owned approximately 0.11% of Hilton Grand Vacations worth $4,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank lifted its holdings in shares of Hilton Grand Vacations by 0.9% in the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company's stock worth $1,125,000 after buying an additional 263 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hilton Grand Vacations by 0.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock worth $1,585,000 after buying an additional 303 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Hilton Grand Vacations by 5.1% in the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock worth $290,000 after buying an additional 361 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Hilton Grand Vacations by 7.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company's stock worth $512,000 after buying an additional 869 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after buying an additional 889 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Price Performance

Shares of HGV stock traded up $0.98 during trading hours on Tuesday, hitting $38.92. 754,039 shares of the company's stock were exchanged, compared to its average volume of 904,478. The company has a market capitalization of $3.57 billion, a PE ratio of 44.23, a PEG ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $44.99. The business's 50 day simple moving average is $36.69 and its 200-day simple moving average is $39.16. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

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

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $38.78, for a total value of $1,977,780.00. Following the transaction, the insider now owns 60,270 shares in the company, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Morgan Stanley lowered their target price 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. 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 research note on Friday, May 2nd. Wall Street Zen raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, Truist Financial raised 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations presently has an average 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.