Wellington Management Group LLP Trims Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Wellington Management Group LLP lessened its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 407,391 shares of the company’s stock after selling 15,122 shares during the quarter. Wellington Management Group LLP owned about 0.39% of Hilton Grand Vacations worth $16,369,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Hilton Grand Vacations by 35.4% during the third quarter. UBS Group AG now owns 85,051 shares of the company’s stock worth $3,462,000 after acquiring an additional 22,225 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Hilton Grand Vacations during the third quarter worth $85,000. Hsbc Holdings PLC acquired a new position in Hilton Grand Vacations in the 3rd quarter valued at $1,050,000. Federated Hermes Inc. raised its position in Hilton Grand Vacations by 14.1% during the 3rd quarter. Federated Hermes Inc. now owns 13,429 shares of the company’s stock worth $547,000 after buying an additional 1,655 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Hilton Grand Vacations by 24.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 5,624 shares of the company’s stock worth $229,000 after acquiring an additional 1,119 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Transactions at Hilton Grand Vacations

In related news, insider Jorge Pablo Brizi sold 28,000 shares of Hilton Grand Vacations stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now owns 51,855 shares in the company, valued at approximately $2,437,185. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

HGV has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $55.00 price target on shares of Hilton Grand Vacations in a report on Friday, March 1st. Barclays increased their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Truist Financial boosted their target price on shares of Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a report on Monday, April 15th. They issued an “overweight” rating and a $59.00 price target for the company. Finally, Mizuho initiated coverage on shares of Hilton Grand Vacations in a report on Tuesday, March 26th. They set a “buy” rating and a $63.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.71.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $40.15 on Wednesday. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $4.16 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The firm has a 50-day moving average price of $41.90 and a two-hundred day moving average price of $42.93. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company posted $0.79 EPS. The company’s revenue was up 23.8% on a year-over-year basis. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 3.74 earnings per share for the current fiscal year.

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.