Jefferies Financial Group Inc. Invests $223,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Key Points

• Jefferies Financial Group Inc. acquired a new stake in Hilton Grand Vacations Inc., purchasing 5,963 shares valued at approximately $223,000 in the first quarter.
• Several large investors also significantly increased their positions in Hilton Grand Vacations, with institutional ownership now at 97.23% of the company's stock.
• Despite an overall positive outlook, Hilton Grand Vacations reported a missed earnings estimate of $0.54 EPS compared to the consensus estimate of $0.78, alongside a year-over-year revenue increase of only 2.5%.

Jefferies Financial Group Inc. acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,963 shares of the company's stock, valued at approximately $223,000.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hilton Grand Vacations by 0.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock worth $1,585,000 after purchasing an additional 303 shares in the last quarter. Covey Capital Advisors LLC increased its holdings in shares of Hilton Grand Vacations by 0.8% during the 1st quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company's stock valued at $1,668,000 after acquiring an additional 357 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Hilton Grand Vacations by 5.1% during the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after acquiring an additional 361 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Hilton Grand Vacations by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after acquiring an additional 364 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after acquiring an additional 497 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Hilton Grand Vacations Trading Up 1.2%

Shares of HGV stock traded up $0.53 during mid-day trading on Wednesday, hitting $45.50. The company's stock had a trading volume of 2,287,649 shares, compared to its average volume of 1,021,578. The company's fifty day simple moving average is $44.17 and its 200-day simple moving average is $40.36. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The company has a market cap of $4.06 billion, a PE ratio of 82.47, a P/E/G ratio of 3.72 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HGV has been the topic of several recent research reports. Mizuho lifted their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Barclays raised their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the stock a "buy" rating in a research report on Monday, August 4th. 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 report on Tuesday, April 22nd. Finally, JMP Securities restated a "market outperform" rating and set a $50.00 target price on shares of Hilton Grand Vacations in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.43.

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.