Two Sigma Investments LP Sells 17,082 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Two Sigma Investments LP decreased its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 48.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,133 shares of the company's stock after selling 17,082 shares during the period. Two Sigma Investments LP's holdings in Hilton Grand Vacations were worth $706,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Hilton Grand Vacations by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock worth $34,746,000 after buying an additional 30,019 shares during the last quarter. AlphaQuest LLC increased its position in Hilton Grand Vacations by 186,169.2% during the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company's stock worth $943,000 after buying an additional 24,202 shares during the last quarter. Independent Family Office LLC acquired a new position in Hilton Grand Vacations during the fourth quarter worth approximately $627,000. Deutsche Bank AG increased its position in Hilton Grand Vacations by 17.1% during the fourth quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock worth $5,430,000 after buying an additional 20,398 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Hilton Grand Vacations by 5.1% during 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 during the last quarter. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Trading Up 2.9%

Shares of NYSE:HGV opened at $40.16 on Friday. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $44.99. The stock has a market cap of $3.68 billion, a PE ratio of 45.64, a P/E/G ratio of 2.20 and a beta of 1.63. The business has a 50 day moving average of $36.81 and a 200-day moving average of $38.98. 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 (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 for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The company's revenue was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Truist Financial boosted their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley lowered their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Barclays lowered their price target on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, Mizuho boosted their price target on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of "Hold" and a consensus target price 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.

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