Seven Grand Managers LLC Sells 75,000 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• Seven Grand Managers LLC cut its Hilton Grand Vacations stake by 50% in the fourth quarter, selling 75,000 shares and leaving it with about 75,000 shares worth $3.36 million.
• Several insiders sold shares recently, including Carlos Hernandez and Charles R. Jr. Corbin, while institutional investors continue to own a dominant 97.23% of the stock.
• Hilton Grand Vacations reported strong quarterly results, beating earnings and revenue estimates, and analysts currently rate the stock a consensus Hold with an average price target of $55.22.

Seven Grand Managers LLC lowered its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,000 shares of the company's stock after selling 75,000 shares during the period. Seven Grand Managers LLC owned approximately 0.09% of Hilton Grand Vacations worth $3,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock valued at $27,000 after purchasing an additional 565 shares during the period. GAMMA Investing LLC raised its position in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company's stock valued at $41,000 after purchasing an additional 349 shares during the period. Quarry LP bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at approximately $44,000. State of Wyoming bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at approximately $56,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at approximately $92,000. Institutional investors own 97.23% of the company's stock.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Carlos Hernandez sold 5,595 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the transaction, the insider owned 14,080 shares of the company's stock, valued at $657,395.20. The trade was a 28.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the transaction, the insider directly owned 68,615 shares of the company's stock, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HGV shares. Zacks Research raised shares of Hilton Grand Vacations from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 1st. The Goldman Sachs Group reissued a "sell" rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Weiss Ratings raised shares of Hilton Grand Vacations from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, February 17th. Wells Fargo & Company reduced their price objective on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an "equal weight" rating for the company in a research note on Thursday, April 16th. Finally, Truist Financial boosted their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $55.22.

Hilton Grand Vacations Price Performance

HGV stock opened at $51.35 on Thursday. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. Hilton Grand Vacations Inc. has a one year low of $36.79 and a one year high of $52.08. The stock has a market cap of $4.10 billion, a PE ratio of 27.46, a P/E/G ratio of 0.75 and a beta of 1.49. The firm has a 50 day simple moving average of $44.86 and a two-hundred day simple moving average of $44.49.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the previous year, the company earned $0.09 EPS. The business's quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

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