Principal Holdings A. Gp Apollo Sells 4,000,000 Shares of Hilton Grand Vacations Inc. (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Hilton Grand Vacations Price Performance

HGV stock opened at $41.74 on Friday. The company has a fifty day moving average price of $38.74 and a 200-day moving average price of $39.33. The company has a market capitalization of $4.11 billion, a P/E ratio of 47.43, a PEG ratio of 2.40 and a beta of 1.82. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business earned $0.98 EPS. Hilton Grand Vacations’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, equities analysts expect that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays increased their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Truist Financial dropped their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price objective for the company from $55.00 to $35.00 in a research note on Friday, August 9th. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.86.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the last quarter. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations during the third quarter worth $25,000. nVerses Capital LLC acquired a new stake in Hilton Grand Vacations in the second quarter worth $32,000. MQS Management LLC grew its holdings in Hilton Grand Vacations by 7.4% in the second quarter. MQS Management LLC now owns 16,494 shares of the company’s stock worth $667,000 after purchasing an additional 1,135 shares during the period. Finally, Creative Planning grew its holdings in Hilton Grand Vacations by 17.1% in the third quarter. Creative Planning now owns 15,381 shares of the company’s stock worth $559,000 after purchasing an additional 2,245 shares during the period. Institutional investors own 97.23% 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.