Thrivent Financial for Lutherans Sells 1,515 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Thrivent Financial for Lutherans trimmed its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 9.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,022 shares of the company’s stock after selling 1,515 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Hilton Grand Vacations were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HGV. Wesbanco Bank Inc. increased its stake in shares of Hilton Grand Vacations by 28.0% in the 2nd quarter. Wesbanco Bank Inc. now owns 32,122 shares of the company’s stock worth $1,299,000 after acquiring an additional 7,029 shares in the last quarter. SG Americas Securities LLC grew its position in Hilton Grand Vacations by 73.1% during the 2nd quarter. SG Americas Securities LLC now owns 8,331 shares of the company’s stock valued at $337,000 after purchasing an additional 3,519 shares during the last quarter. TCW Group Inc. grew its position in Hilton Grand Vacations by 54.4% during the 2nd quarter. TCW Group Inc. now owns 49,663 shares of the company’s stock valued at $2,008,000 after purchasing an additional 17,493 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Hilton Grand Vacations by 93.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,676 shares of the company’s stock valued at $553,000 after purchasing an additional 6,624 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its position in Hilton Grand Vacations by 63.9% during the 2nd quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock valued at $11,628,000 after purchasing an additional 112,117 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $42.02 on Thursday. The company has a 50 day moving average price of $39.08 and a 200-day moving average price of $39.29. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The firm has a market capitalization of $4.14 billion, a PE ratio of 47.75, a P/E/G ratio of 2.29 and a beta of 1.85. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current year.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays increased their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Mizuho cut their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $36.00 in a research report on Friday, August 9th. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective on the stock. Finally, Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.86.

About Hilton Grand Vacations

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.