Sfmg LLC Sells 11,347 Shares of Hilton Grand Vacations Inc. $HGV

Sfmg LLC lessened its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,008 shares of the company’s stock after selling 11,347 shares during the quarter. Sfmg LLC’s holdings in Hilton Grand Vacations were worth $1,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HGV. Arrowstreet Capital Limited Partnership increased its holdings in Hilton Grand Vacations by 489.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after purchasing an additional 1,314,117 shares during the last quarter. Norges Bank bought a new stake in shares of Hilton Grand Vacations in the fourth quarter worth about $32,871,000. Marshall Wace LLP increased its holdings in shares of Hilton Grand Vacations by 142.6% in the third quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after acquiring an additional 684,025 shares in the last quarter. UBS Group AG increased its holdings in shares of Hilton Grand Vacations by 34.4% in the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after acquiring an additional 577,772 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Hilton Grand Vacations by 7.3% in the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock worth $283,849,000 after acquiring an additional 464,618 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Insider Activity

In other news, insider Carlos Hernandez sold 5,595 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the transaction, the insider directly owned 14,080 shares of the company’s stock, valued at $657,395.20. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the transaction, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. This represents a 32.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.10% of the stock is owned by corporate insiders.

Hilton Grand Vacations Stock Up 0.0%

HGV stock opened at $51.99 on Friday. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. The stock has a market capitalization of $4.15 billion, a P/E ratio of 27.80, a P/E/G ratio of 0.78 and a beta of 1.49. The business has a 50-day moving average of $45.27 and a 200-day moving average of $44.63. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $52.85.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.43. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.Hilton Grand Vacations’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HGV. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Zacks Research upgraded Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group increased their price target on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. The Goldman Sachs Group restated a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Finally, Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.22.

About Hilton Grand Vacations

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.