Stevens Capital Management LP Sells 1,379 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Stevens Capital Management LP reduced its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,585 shares of the company’s stock after selling 1,379 shares during the period. Stevens Capital Management LP’s holdings in Hilton Grand Vacations were worth $425,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Hilton Grand Vacations by 78.6% in the third 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. Itau Unibanco Holding S.A. bought a new stake in Hilton Grand Vacations during the third quarter valued at approximately $47,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $85,000. Quantbot Technologies LP bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $167,000. Finally, Fifth Third Bancorp lifted its holdings in shares of 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 acquiring an additional 489 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 51,855 shares in the company, valued at approximately $2,437,185. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 166,997 shares of the company’s stock, valued at approximately $7,711,921.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jorge Pablo Brizi sold 28,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 51,855 shares of the company’s stock, valued at approximately $2,437,185. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,557 shares of company stock worth $4,142,832. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HGV shares. Truist Financial lifted their target price on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. JMP Securities reaffirmed 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. Barclays boosted their price objective on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a research report on Monday, April 15th. They issued an “overweight” rating and a $59.00 target price on the stock. Finally, Mizuho started coverage on shares of Hilton Grand Vacations in a research report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Hilton Grand Vacations Stock Down 0.2 %

Hilton Grand Vacations stock traded down $0.08 during mid-day trading on Friday, reaching $44.33. The stock had a trading volume of 442,651 shares, compared to its average volume of 746,759. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.87 and a beta of 1.93. The company has a 50-day moving average price of $45.35 and a two-hundred day moving average price of $41.22. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02. 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 (NYSE:HGV) last posted its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. On average, analysts expect that Hilton Grand Vacations Inc. will post 4.35 EPS for the current fiscal year.

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.