Victory Capital Management Inc. Raises Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Victory Capital Management Inc. increased its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 16.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,140 shares of the company’s stock after acquiring an additional 2,477 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilton Grand Vacations were worth $623,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HGV. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations in the 3rd quarter valued at $25,000. nVerses Capital LLC bought a new stake in Hilton Grand Vacations during the second quarter valued at $32,000. Blue Trust Inc. grew its position 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 in the last quarter. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations in the 2nd quarter worth about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at about $120,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $41.74 on Friday. The company has a 50-day simple moving average of $38.74 and a two-hundred day simple moving average of $39.33. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $49.02. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 47.43, a PEG ratio of 2.40 and a beta of 1.82. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company 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%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Insider Transactions at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction dated 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 $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the 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 completion of the sale, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays lifted their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Mizuho cut their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.86.

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.