Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,075 shares of the company’s stock after selling 350 shares during the period. State of Alaska Department of Revenue’s holdings in Hilton Grand Vacations were worth $275,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Creative Planning boosted its position in Hilton Grand Vacations by 17.1% during the 3rd 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. Blue Trust Inc. raised its stake in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Hilton Grand Vacations by 44.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock valued at $5,386,000 after purchasing an additional 45,978 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Hilton Grand Vacations by 8.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company’s stock valued at $11,320,000 after purchasing an additional 24,053 shares in the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in Hilton Grand Vacations during the third quarter worth about $25,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares in the company, valued at $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was 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 of the company’s stock, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $42.67 on Friday. The stock’s fifty day simple moving average is $40.22 and its 200 day simple moving average is $39.01. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 48.48, a P/E/G ratio of 2.24 and a beta of 1.85. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $49.02.

Analysts Set New Price Targets

Several research analysts have commented on HGV shares. The Goldman Sachs Group upped their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. JMP Securities decreased their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. StockNews.com cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Morgan Stanley initiated coverage on Hilton Grand Vacations in a report on Monday, January 6th. They set an “overweight” rating and a $47.00 price objective on the stock. Finally, Barclays reissued an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $44.00.

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.