Hilton Grand Vacations Inc. (NYSE:HGV) is North Peak Capital Management LLC’s Largest Position

North Peak Capital Management LLC reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,891,472 shares of the company’s stock after selling 138,301 shares during the period. Hilton Grand Vacations accounts for about 30.1% of North Peak Capital Management LLC’s holdings, making the stock its largest position. North Peak Capital Management LLC owned approximately 0.06% of Hilton Grand Vacations worth $213,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations in the 3rd quarter worth about $25,000. nVerses Capital LLC bought a new position in shares of Hilton Grand Vacations during the second quarter valued at approximately $32,000. Blue Trust Inc. raised its holdings in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $120,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HGV has been the topic of a number of recent analyst reports. Truist Financial reduced their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price target for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $36.00 in a report on Friday, August 9th. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. Finally, Barclays lifted their price target on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and an average target price of $43.86.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the sale, the insider now directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This represents a 35.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is currently owned by insiders.

Hilton Grand Vacations Stock Performance

HGV stock opened at $44.26 on Tuesday. The firm has a 50-day simple moving average of $38.46 and a two-hundred day simple moving average of $39.30. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $49.02. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 2.28 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results 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 analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.98 earnings per share. Hilton Grand Vacations’s revenue was up 28.3% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.49 EPS 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.