Point72 Asset Management L.P. Makes New $311,000 Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Point72 Asset Management L.P. acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,985 shares of the company's stock, valued at approximately $311,000.

Several other institutional investors also recently bought and sold shares of HGV. ProShare Advisors LLC raised its holdings in Hilton Grand Vacations by 37.7% in the fourth quarter. ProShare Advisors LLC now owns 23,037 shares of the company's stock valued at $897,000 after acquiring an additional 6,307 shares in the last quarter. Parsifal Capital Management LP grew its position in Hilton Grand Vacations by 1.8% in the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock valued at $135,385,000 after buying an additional 62,346 shares in the last quarter. Man Group plc boosted its position in shares of Hilton Grand Vacations by 193.4% during the 4th quarter. Man Group plc now owns 108,248 shares of the company's stock valued at $4,216,000 after purchasing an additional 71,352 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Hilton Grand Vacations by 36.8% during the 4th quarter. Nuveen Asset Management LLC now owns 288,599 shares of the company's stock valued at $11,241,000 after purchasing an additional 77,584 shares in the last quarter. Finally, Mudita Advisors LLP boosted its position in shares of Hilton Grand Vacations by 4.8% during the 4th quarter. Mudita Advisors LLP now owns 960,965 shares of the company's stock valued at $37,430,000 after purchasing an additional 44,200 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the sale, the insider now owns 60,270 shares of the company's stock, valued at $2,337,270.60. This trade represents a 45.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

Hilton Grand Vacations Stock Performance

NYSE HGV traded up $0.98 on Tuesday, reaching $38.92. The stock had a trading volume of 754,039 shares, compared to its average volume of 904,478. 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 fifty day moving average of $36.67 and a two-hundred day moving average of $39.16. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $44.99. The company has a market cap of $3.57 billion, a P/E ratio of 44.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on HGV. The Goldman Sachs Group raised 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 raised their price objective on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Barclays reduced their target price on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial lifted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average target price of $46.00.

About Hilton Grand Vacations

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.