Parsifal Capital Management LP Has $135.39 Million Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Parsifal Capital Management LP grew its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,475,861 shares of the company’s stock after purchasing an additional 62,346 shares during the period. Hilton Grand Vacations makes up about 11.3% of Parsifal Capital Management LP’s holdings, making the stock its 2nd biggest position. Parsifal Capital Management LP owned about 3.53% of Hilton Grand Vacations worth $135,385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd grew its stake in Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after buying an additional 1,042 shares in the last quarter. KBC Group NV boosted its holdings in shares of Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after acquiring an additional 889 shares during the period. Aigen Investment Management LP purchased a new position in shares of Hilton Grand Vacations in the fourth quarter valued at $200,000. Crossmark Global Holdings Inc. bought a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at $204,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at $232,000. Institutional investors own 97.23% of the company’s stock.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the sale, the insider now owns 60,270 shares in the company, valued at $2,337,270.60. The trade was a 45.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Hilton Grand Vacations Trading Up 2.6%

Shares of HGV opened at $42.21 on Wednesday. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $44.99. The company has a market capitalization of $3.87 billion, a P/E ratio of 47.97, a P/E/G ratio of 2.20 and a beta of 1.60. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $39.08.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the company earned $0.95 EPS. Hilton Grand Vacations’s quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on HGV. Truist Financial raised their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. JMP Securities restated a “market outperform” rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. The Goldman Sachs Group upped their target price on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a “sell” rating in a report on Friday, May 2nd. Mizuho increased their target price on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $46.00.

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.