North Peak Capital Management LLC Has $213.98 Million Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

North Peak Capital Management LLC reduced its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,891,472 shares of the company’s stock after selling 138,301 shares during the quarter. Hilton Grand Vacations comprises 30.1% of North Peak Capital Management LLC’s investment portfolio, making the stock its largest position. North Peak Capital Management LLC owned approximately 5.98% of Hilton Grand Vacations worth $213,978,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HGV. Quantbot Technologies LP purchased a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $484,000. FMR LLC boosted its holdings in Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after acquiring an additional 917,397 shares in the last quarter. Wittenberg Investment Management Inc. purchased a new stake in shares of Hilton Grand Vacations in the third quarter worth $345,000. Okabena Investment Services Inc. increased its holdings in shares of Hilton Grand Vacations by 14.1% during the third quarter. Okabena Investment Services Inc. now owns 28,869 shares of the company’s stock valued at $1,049,000 after acquiring an additional 3,567 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Hilton Grand Vacations by 156.1% in the 3rd quarter. Cerity Partners LLC now owns 22,980 shares of the company’s stock worth $835,000 after purchasing an additional 14,007 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Hilton Grand Vacations Stock Up 4.9 %

HGV opened at $44.26 on Tuesday. The firm’s 50 day simple moving average is $38.46 and its two-hundred day simple moving average is $39.30. The company has a market capitalization of $4.36 billion, a PE ratio of 50.30, a PEG ratio of 2.28 and a beta of 1.82. Hilton Grand Vacations Inc. has a 1-year low of $33.21 and a 1-year high of $49.02. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last released its 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 firm had revenue of $1.31 billion for 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%. Hilton Grand Vacations’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price target for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. The Goldman Sachs Group began coverage on 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, Barclays boosted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average price target of $43.86.

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.