Thrivent Financial for Lutherans Sells 1,515 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Thrivent Financial for Lutherans lowered its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,022 shares of the company’s stock after selling 1,515 shares during the period. Thrivent Financial for Lutherans’ holdings in Hilton Grand Vacations were worth $546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HGV. Victory Capital Management Inc. grew its stake in Hilton Grand Vacations by 16.9% during the third quarter. Victory Capital Management Inc. now owns 17,140 shares of the company’s stock valued at $623,000 after acquiring an additional 2,477 shares in the last quarter. Barnett & Company Inc. purchased a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $1,190,000. State of New Jersey Common Pension Fund D grew its stake in Hilton Grand Vacations by 13.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,885 shares of the company’s stock worth $1,884,000 after buying an additional 6,245 shares in the last quarter. Olympiad Research LP purchased a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $576,000. Finally, Reston Wealth Management LLC purchased a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $25,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 1.8 %

NYSE:HGV opened at $42.02 on Thursday. The company has a fifty day moving average of $39.08 and a 200 day moving average of $39.29. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $4.14 billion, a P/E ratio of 47.75, a P/E/G ratio of 2.29 and a beta of 1.85.

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

Analyst Ratings Changes

A number of equities analysts have commented on HGV shares. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target for the company. Barclays upped 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. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, Truist Financial cut 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, November 26th. One equities 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.86.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the transaction, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

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.