UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.18 Million Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 11.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 142,734 shares of the company’s stock after selling 17,560 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hilton Grand Vacations were worth $5,184,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at approximately $25,000. nVerses Capital LLC bought a new stake in Hilton Grand Vacations in the second quarter worth $32,000. Blue Trust Inc. boosted its holdings in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Hilton Grand Vacations in the second quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Hilton Grand Vacations in the second quarter valued at about $120,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HGV. The Goldman Sachs Group boosted their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Barclays raised their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Mizuho reduced their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, Truist Financial dropped their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.71.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $40.89 on Thursday. The business has a fifty day simple moving average of $39.54 and a two-hundred day simple moving average of $39.29. The firm has a market capitalization of $4.03 billion, a P/E ratio of 46.47, a P/E/G ratio of 2.30 and a beta of 1.85. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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.