Rather & Kittrell Inc. Makes New Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Rather & Kittrell Inc. purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,850 shares of the company’s stock, valued at approximately $918,000.

Several other large investors have also modified their holdings of the business. State of New Jersey Common Pension Fund D boosted its stake in shares of Hilton Grand Vacations by 28.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 71,973 shares of the company’s stock valued at $2,892,000 after acquiring an additional 15,930 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Hilton Grand Vacations by 38.8% during the 4th quarter. Handelsbanken Fonder AB now owns 16,809 shares of the company’s stock worth $675,000 after purchasing an additional 4,700 shares during the last quarter. Phocas Financial Corp. grew its holdings in shares of Hilton Grand Vacations by 1.8% during the fourth quarter. Phocas Financial Corp. now owns 131,758 shares of the company’s stock worth $5,294,000 after buying an additional 2,355 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $804,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $1,529,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HGV has been the subject of several analyst reports. Jefferies Financial Group upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and boosted their price target for the company from $39.00 to $50.00 in a report on Tuesday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Truist Financial raised 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 report on Friday, March 15th. Barclays upped 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. Finally, Mizuho started coverage on shares of Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Hilton Grand Vacations Trading Down 0.2 %

HGV traded down $0.08 during trading on Friday, hitting $44.33. 442,651 shares of the company’s stock were exchanged, compared to its average volume of 746,759. Hilton Grand Vacations Inc. has a 1 year low of $33.13 and a 1 year high of $49.02. The stock has a 50 day moving average price of $45.35 and a 200 day moving average price of $41.27. The firm has a market cap of $4.64 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 0.87 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.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $1.02 billion during 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 firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. As a group, analysts expect that Hilton Grand Vacations Inc. will post 4.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’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 sale, the insider now directly owns 140,618 shares in the company, valued at $6,396,712.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Charles R. Jr. Corbin sold 23,000 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. Also, insider Jorge Pablo Brizi sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was 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. Insiders have sold 89,557 shares of company stock worth $4,142,832 in the last quarter. 2.30% of the stock is owned by corporate insiders.

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.