MassMutual Private Wealth & Trust FSB Sells 8,141 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

MassMutual Private Wealth & Trust FSB lowered its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 85.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,384 shares of the company's stock after selling 8,141 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Hilton Grand Vacations were worth $52,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CAS Investment Partners LLC raised its position in Hilton Grand Vacations by 2.0% in the fourth quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company's stock worth $252,877,000 after acquiring an additional 129,333 shares in the last quarter. Franklin Resources Inc. raised its position in Hilton Grand Vacations by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock worth $143,031,000 after acquiring an additional 373,442 shares in the last quarter. Parsifal Capital Management LP raised its position in Hilton Grand Vacations by 1.8% in the fourth quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock worth $135,385,000 after acquiring an additional 62,346 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hilton Grand Vacations by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after buying an additional 512,362 shares during the period. Finally, Millennium Management LLC raised its holdings in Hilton Grand Vacations by 27.7% during the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after buying an additional 443,353 shares during the period. Institutional investors and hedge funds own 97.23% of the company's stock.

Analysts Set New Price Targets

HGV has been the topic of several recent analyst reports. JMP Securities restated a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a report on Monday, May 5th. Barclays dropped their target price on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Truist Financial upped their target price on 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 target price on Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Morgan Stanley dropped their target price on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $46.00.

Hilton Grand Vacations Stock Down 0.2%

NYSE:HGV traded down $0.08 during mid-day trading on Wednesday, reaching $38.81. The stock had a trading volume of 828,809 shares, compared to its average volume of 909,575. The business's 50 day moving average is $36.68 and its 200 day moving average is $39.00. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $44.99. The stock has a market cap of $3.56 billion, a P/E ratio of 44.10, a PEG ratio of 2.20 and a beta of 1.60. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

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

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the company'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 transaction of $1,977,780.00. Following the completion of the sale, the insider now owns 60,270 shares of the company's stock, valued at $2,337,270.60. This 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 available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

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.