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

Man Group plc grew its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 193.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,248 shares of the company's stock after purchasing an additional 71,352 shares during the quarter. Man Group plc owned about 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 also recently made changes to their positions in HGV. Covestor Ltd raised its holdings in shares of Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after purchasing an additional 1,042 shares during the period. KBC Group NV grew its holdings in Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after purchasing an additional 889 shares during the period. Aigen Investment Management LP acquired a new position in Hilton Grand Vacations during the fourth quarter worth approximately $200,000. Crossmark Global Holdings Inc. bought a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $204,000. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $232,000. Institutional investors own 97.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Truist Financial boosted their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Mizuho upped their price objective on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Wall Street Zen raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Barclays reduced their target price on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price target 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. 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 stock. According to MarketBeat.com, Hilton Grand Vacations has a consensus rating of "Hold" and a consensus target price of $46.00.

Hilton Grand Vacations Stock Performance

Shares of HGV traded up $1.13 during midday trading on Tuesday, reaching $39.07. 68,858 shares of the stock were exchanged, compared to its average volume of 901,808. The stock's 50 day simple moving average is $36.67 and its 200 day simple moving average is $39.16. The company has a market cap of $3.58 billion, a P/E ratio of 44.38, a PEG ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $44.99. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

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

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the sale, the insider now directly owns 60,270 shares in the company, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.