Hilton Grand Vacations Inc. $HGV Stock Position Trimmed by North Peak Capital Management LLC

North Peak Capital Management LLC cut its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,171,995 shares of the company’s stock after selling 372,717 shares during the quarter. Hilton Grand Vacations comprises approximately 19.7% of North Peak Capital Management LLC’s portfolio, making the stock its biggest holding. North Peak Capital Management LLC owned approximately 0.06% of Hilton Grand Vacations worth $231,447,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HGV. AQR Capital Management LLC purchased a new position in Hilton Grand Vacations during the first quarter worth about $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hilton Grand Vacations by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after buying an additional 615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Hilton Grand Vacations by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock worth $6,748,000 after buying an additional 3,705 shares during the period. Intech Investment Management LLC raised its holdings in shares of Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock worth $1,629,000 after purchasing an additional 8,567 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 32,907 shares of the 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 completion of the sale, the insider owned 68,615 shares in the company, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the sale, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 229,315 shares of company stock worth $11,738,497. 3.10% of the stock is currently owned by corporate insiders.

Hilton Grand Vacations Price Performance

HGV stock opened at $50.75 on Friday. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $53.82. The firm has a market cap of $4.02 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 0.45 and a beta of 1.50. The stock has a 50-day simple moving average of $47.31 and a 200-day simple moving average of $45.43.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts predict that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on HGV. Truist Financial raised their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Wall Street Zen upgraded Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Jefferies Financial Group raised their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Morgan Stanley raised their price objective on Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.89.

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.