Choreo LLC Cuts Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Choreo LLC decreased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,754 shares of the company’s stock after selling 1,093 shares during the quarter. Choreo LLC’s holdings in Hilton Grand Vacations were worth $1,594,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares during the period. FMR LLC increased its holdings in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after purchasing an additional 917,397 shares during the period. Mudita Advisors LLP increased its holdings in Hilton Grand Vacations by 1.1% during the 3rd quarter. Mudita Advisors LLP now owns 916,765 shares of the company’s stock worth $33,297,000 after purchasing an additional 9,800 shares during the period. PB Investment Partners L.P. increased its holdings in Hilton Grand Vacations by 5.9% during the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after purchasing an additional 31,939 shares during the period. Finally, Iridian Asset Management LLC CT increased its holdings in Hilton Grand Vacations by 8.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company’s stock worth $11,320,000 after purchasing an additional 24,053 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HGV. JMP Securities dropped their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Truist Financial dropped their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Mizuho dropped their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, Barclays reiterated an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $41.69 on Friday. Hilton Grand Vacations Inc. has a 1-year low of $33.21 and a 1-year high of $49.02. The company has a market capitalization of $4.11 billion, a P/E ratio of 47.38, a PEG ratio of 2.16 and a beta of 1.85. The business has a 50 day moving average price of $40.21 and a 200 day moving average price of $39.07. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’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 approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction 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 $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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.