Dark Forest Capital Management LP bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,671 shares of the company's stock, valued at approximately $494,000.
Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $33,047,000. Dimensional Fund Advisors LP boosted its stake in shares of Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock valued at $114,329,000 after purchasing an additional 512,362 shares during the period. Franklin Resources Inc. boosted its stake in shares of Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after purchasing an additional 499,067 shares during the period. Barclays PLC boosted its stake in shares of Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after purchasing an additional 188,997 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $6,428,000. Hedge funds and other institutional investors own 97.23% of the company's stock.
Wall Street Analyst Weigh In
HGV has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Barclays lifted their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Finally, Truist Financial raised their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $44.63.
Check Out Our Latest Stock Report on HGV
Hilton Grand Vacations Stock Performance
Shares of Hilton Grand Vacations stock traded up $3.16 during trading on Thursday, reaching $36.79. The company's stock had a trading volume of 2,547,970 shares, compared to its average volume of 897,095. The company has a 50-day moving average price of $36.46 and a two-hundred day moving average price of $38.96. The firm has a market cap of $3.48 billion, a PE ratio of 41.80, a P/E/G ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a fifty-two week low of $30.00 and a fifty-two week high of $45.00. 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 - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.43). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. On average, analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.
About Hilton Grand Vacations
(
Free Report)
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.
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