Wolverine Trading LLC Invests $385,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Wolverine Trading LLC bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,853 shares of the company's stock, valued at approximately $385,000.

Several other institutional investors have also recently made changes to their positions in the company. CAS Investment Partners LLC raised its position in shares of Hilton Grand Vacations by 2.0% during the 4th quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company's stock valued at $252,877,000 after buying an additional 129,333 shares during the period. Franklin Resources Inc. raised its position in shares of Hilton Grand Vacations by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock valued at $143,031,000 after buying an additional 373,442 shares during the period. 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 valued at $135,385,000 after purchasing an additional 62,346 shares during the period. Dimensional Fund Advisors LP raised its position in Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock valued at $114,329,000 after purchasing an additional 512,362 shares during the period. Finally, Millennium Management LLC raised its position 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 purchasing an additional 443,353 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the business's stock in a transaction 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 transaction, the insider now owns 60,270 shares in the company, valued at $2,337,270.60. The trade was a 45.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.30% of the company's stock.

Hilton Grand Vacations Trading Up 2.0%

HGV stock traded up $0.77 during midday trading on Tuesday, hitting $38.93. The stock had a trading volume of 696,533 shares, compared to its average volume of 909,898. The firm has a market cap of $3.57 billion, a PE ratio of 44.23, a price-to-earnings-growth 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 Inc. has a 12-month low of $30.59 and a 12-month high of $44.99. The company's 50-day moving average price is $36.68 and its 200 day moving average price is $39.00.

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 the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. On average, equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HGV. Wall Street Zen raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Barclays decreased their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Truist Financial upped their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Mizuho increased their target price on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations currently has an average rating of "Hold" and an average price target 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.