Hilton Grand Vacations Inc (NYSE:HGV) major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $46.10, for a total transaction of $1,140,975,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Hilton Grand Vacations Inc (HGV) traded down $0.95 during midday trading on Friday, reaching $42.61. 727,572 shares of the company’s stock traded hands, compared to its average volume of 1,049,187. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.34 and a current ratio of 4.49. Hilton Grand Vacations Inc has a twelve month low of $28.31 and a twelve month high of $47.75. The firm has a market cap of $4,422.67, a PE ratio of 13.28 and a beta of 0.96.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at $227,000. William Blair Investment Management LLC lifted its stake in shares of Hilton Grand Vacations by 96.0% in the 4th quarter. William Blair Investment Management LLC now owns 3,105,485 shares of the company’s stock valued at $130,275,000 after purchasing an additional 1,521,130 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Hilton Grand Vacations by 5,484.6% in the 4th quarter. Macquarie Group Ltd. now owns 29,040 shares of the company’s stock valued at $1,218,000 after purchasing an additional 28,520 shares during the period. Verition Fund Management LLC acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at $795,000. Finally, PEAK6 Investments L.P. acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at $401,000. Hedge funds and other institutional investors own 97.59% of the company’s stock.
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About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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