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

GAMMA Investing LLC boosted 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

A number of other hedge funds have also recently added to or reduced their stakes in HGV. Covestor Ltd lifted its stake in Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after buying an additional 1,042 shares during the last quarter. Aigen Investment Management LP bought a new stake in Hilton Grand Vacations in the fourth quarter worth about $200,000. FourThought Financial Partners LLC purchased a new position in Hilton Grand Vacations in the 4th quarter worth about $232,000. Cibc World Markets Corp purchased a new position in Hilton Grand Vacations in the 4th quarter worth about $261,000. Finally, Inceptionr LLC purchased a new position in Hilton Grand Vacations during the 4th quarter valued at about $266,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial boosted their price target 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. Barclays cut their price target on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a report on Friday, May 2nd. Morgan Stanley cut their target price on 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. Finally, JMP Securities restated a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $46.00.

Insider Transactions at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the sale, the insider now owns 60,270 shares in the company, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company's stock.

Hilton Grand Vacations Price Performance

NYSE:HGV traded down $1.12 during trading hours on Friday, reaching $38.24. The company had a trading volume of 895,087 shares, compared to its average volume of 915,497. The stock has a 50-day moving average of $37.23 and a two-hundred day moving average of $38.92. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $44.99. The firm has a market capitalization of $3.51 billion, a PE ratio of 43.46, a PEG ratio of 2.20 and a beta of 1.63. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

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.