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

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

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

Hilton Grand Vacations Stock Performance

NYSE:HGV traded down $0.12 during trading on Wednesday, reaching $40.29. The company's stock had a trading volume of 585,441 shares, compared to its average volume of 912,907. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 45.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.63. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a 50 day moving average of $36.96 and a 200-day moving average of $38.94. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $44.99.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced 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). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. Research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HGV. Wall Street Zen upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Morgan Stanley cut their price target 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. Mizuho increased their price target on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating 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 stock a "buy" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group upped their target price on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.00.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction 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 transaction, the insider now owns 60,270 shares in the company, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Hilton Grand Vacations 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.