Los Angeles Capital Management LLC Cuts Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Los Angeles Capital Management LLC cut its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 34.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,896 shares of the company's stock after selling 21,890 shares during the period. Los Angeles Capital Management LLC's holdings in Hilton Grand Vacations were worth $1,683,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Hilton Grand Vacations by 78.6% in the third quarter. Signaturefd LLC now owns 625 shares of the company's stock valued at $25,000 after acquiring an additional 275 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at about $47,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at about $85,000. Quantbot Technologies LP acquired a new stake in Hilton Grand Vacations during the third quarter worth about $167,000. Finally, Choreo LLC bought a new position in Hilton Grand Vacations during the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 23,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the transaction, the insider now directly owns 140,618 shares in the company, valued at approximately $6,396,712.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the transaction, the insider now directly owns 140,618 shares of the company's stock, valued at $6,396,712.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jorge Pablo Brizi sold 28,000 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now owns 51,855 shares of the company's stock, valued at approximately $2,437,185. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is currently owned by insiders.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV traded down $0.65 during midday trading on Wednesday, reaching $43.40. The company's stock had a trading volume of 578,047 shares, compared to its average volume of 734,553. The business's fifty day simple moving average is $44.94 and its 200-day simple moving average is $41.58. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.34 and a quick ratio of 3.10. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The company has a market capitalization of $4.55 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.84 and a beta of 1.94.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the business posted $1.01 EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho began coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They set a "buy" rating and a $63.00 price objective on the stock. Truist Financial lifted their target price on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, March 15th. Barclays increased their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $55.00 price target on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. assumed coverage on Hilton Grand Vacations in a report on Monday, April 15th. They set an "overweight" rating and a $59.00 price objective for the company. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, 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.