Bridgefront Capital LLC Purchases Shares of 13,191 Hilton Grand Vacations Inc. (NYSE:HGV)

Bridgefront Capital LLC purchased a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,191 shares of the company's stock, valued at approximately $514,000.

Several other hedge funds have also recently made changes to their positions in HGV. Amalgamated Bank lifted its position in shares of Hilton Grand Vacations by 0.9% in the 4th quarter. Amalgamated Bank now owns 28,884 shares of the company's stock worth $1,125,000 after purchasing an additional 263 shares during the period. Bank of Montreal Can lifted its stake in shares of Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after purchasing an additional 361 shares during the period. Tower Research Capital LLC TRC raised its holdings in Hilton Grand Vacations by 7.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company's stock worth $512,000 after purchasing an additional 869 shares in the last quarter. KBC Group NV grew its position in shares of Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after buying an additional 889 shares during the period. Finally, Covestor Ltd increased its stake in shares of Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after acquiring an additional 1,042 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Shares of HGV traded down $0.22 during trading hours on Friday, hitting $38.94. The stock had a trading volume of 636,346 shares, compared to its average volume of 903,320. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $44.99. The stock has a fifty day moving average price of $36.01 and a 200 day moving average price of $39.02. 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 has a market capitalization of $3.57 billion, a PE ratio of 44.25, a PEG ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.40). The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. Analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on HGV shares. Truist Financial boosted their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 5th. The Goldman Sachs Group increased their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. Mizuho lifted their target price on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $46.00.

Hilton Grand Vacations 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.