GAMMA Investing LLC Buys 16,954 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

GAMMA Investing LLC lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 9,418.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,134 shares of the company's stock after purchasing an additional 16,954 shares during the quarter. GAMMA Investing LLC's holdings in Hilton Grand Vacations were worth $6,410,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HGV. Covestor Ltd grew 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 buying an additional 1,042 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $200,000. FourThought Financial Partners LLC bought a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $232,000. Cibc World Markets Corp purchased a new position in Hilton Grand Vacations in the fourth quarter worth about $261,000. Finally, Inceptionr LLC purchased a new position in Hilton Grand Vacations in the fourth quarter worth about $266,000. 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 company's stock in a transaction dated Friday, May 9th. The shares were 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 directly owns 60,270 shares of the company's stock, valued at $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

Hilton Grand Vacations Trading Down 1.3%

Shares of HGV traded down $0.54 during trading hours on Thursday, reaching $39.75. 241,905 shares of the company traded hands, compared to its average volume of 987,806. The stock's fifty day moving average price is $37.10 and its 200 day moving average price is $38.95. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 2.20 and a beta of 1.63. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $44.99.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion during 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 quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. Sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial raised their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Mizuho raised their price target on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Barclays cut their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, The Goldman Sachs Group lifted their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. One 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 data from MarketBeat, the company has an average rating of "Hold" and an average target price of $46.00.

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.