Allspring Global Investments Holdings LLC Sells 314,759 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Allspring Global Investments Holdings LLC cut its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 86.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,918 shares of the company's stock after selling 314,759 shares during the period. Allspring Global Investments Holdings LLC's holdings in Hilton Grand Vacations were worth $2,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its position in Hilton Grand Vacations by 78.6% in the 3rd quarter. Signaturefd LLC now owns 625 shares of the company's stock worth $25,000 after purchasing an additional 275 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Hilton Grand Vacations by 0.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 63,786 shares of the company's stock worth $2,596,000 after purchasing an additional 480 shares in the last quarter. Fifth Third Bancorp grew its position in Hilton Grand Vacations by 10.7% in the 3rd quarter. Fifth Third Bancorp now owns 5,041 shares of the company's stock worth $205,000 after purchasing an additional 489 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Hilton Grand Vacations by 24.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 5,624 shares of the company's stock worth $229,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in Hilton Grand Vacations by 5.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 23,918 shares of the company's stock worth $973,000 after purchasing an additional 1,151 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 38,557 shares of Hilton Grand Vacations stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the transaction, the insider now directly owns 166,997 shares of the company's stock, valued at $7,711,921.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jorge Pablo Brizi sold 28,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total value of $1,316,000.00. Following the completion of the sale, the insider now directly owns 51,855 shares in the company, valued at $2,437,185. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the sale, the insider now owns 166,997 shares of the company's stock, valued at $7,711,921.46. The disclosure for this sale can be found here. Insiders sold a total of 89,557 shares of company stock valued at $4,142,832 in the last three months. Company insiders own 2.30% of the company's stock.

Hilton Grand Vacations Stock Performance

Shares of HGV stock traded up $0.62 during trading on Monday, reaching $43.83. 585,497 shares of the company's stock traded hands, compared to its average volume of 762,175. The company has a market capitalization of $4.59 billion, a P/E ratio of 15.65, a PEG ratio of 0.84 and a beta of 1.93. The company has a current ratio of 4.34, a quick ratio of 3.10 and a debt-to-equity ratio of 2.13. The firm's 50-day moving average is $45.26 and its 200 day moving average is $41.08. Hilton Grand Vacations Inc. has a 1 year low of $33.13 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $1.01 EPS. The company's revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations Inc. will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

HGV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They issued an "overweight" rating and a $59.00 target price on the stock. Barclays boosted their target price on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Mizuho initiated coverage on shares of Hilton Grand Vacations in a research note on Tuesday, March 26th. They issued a "buy" rating and a $63.00 target price on the stock. Jefferies Financial Group upgraded shares of Hilton Grand Vacations from a "hold" rating to a "buy" rating and boosted their target price for the company from $39.00 to $50.00 in a research note on Tuesday, January 2nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $55.00 target price on shares of Hilton Grand Vacations in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.57.

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.