Voya Investment Management LLC Has $2.41 Million Holdings in Hilton Grand Vacations Inc. $HGV

Voya Investment Management LLC trimmed its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 25.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,692 shares of the company’s stock after selling 19,513 shares during the period. Voya Investment Management LLC owned about 0.06% of Hilton Grand Vacations worth $2,412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. North Peak Capital Management LLC lifted its stake in shares of Hilton Grand Vacations by 11.3% in the second quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock valued at $282,825,000 after buying an additional 693,495 shares during the period. Norges Bank acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at approximately $23,163,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $11,147,000. Breach Inlet Capital Management LLC lifted its position in shares of Hilton Grand Vacations by 57.3% in the 1st quarter. Breach Inlet Capital Management LLC now owns 646,656 shares of the company’s stock worth $24,191,000 after acquiring an additional 235,602 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Hilton Grand Vacations by 2,637.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 221,932 shares of the company’s stock worth $9,279,000 after purchasing an additional 213,824 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 30,426 shares of Hilton Grand Vacations stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $41.81, for a total value of $1,272,111.06. Following the completion of the transaction, the insider owned 60,270 shares in the company, valued at approximately $2,519,888.70. The trade was a 33.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HGV. Wells Fargo & Company began coverage on Hilton Grand Vacations in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 target price for the company. Morgan Stanley restated an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Truist Financial lowered their target price on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hilton Grand Vacations in a research report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $52.75.

Hilton Grand Vacations Trading Up 0.4%

Shares of Hilton Grand Vacations stock opened at $45.21 on Friday. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08. The stock has a market capitalization of $3.87 billion, a P/E ratio of 82.19, a price-to-earnings-growth ratio of 5.03 and a beta of 1.51. The company has a 50-day simple moving average of $42.30 and a 200 day simple moving average of $43.84. The company has a quick ratio of 3.12, a current ratio of 5.02 and a debt-to-equity ratio of 4.67.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.41). Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $0.67 earnings per share. Hilton Grand Vacations’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.