Point72 Asset Management L.P. Buys New Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Point72 Asset Management L.P. purchased a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,985 shares of the company's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also 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 acquiring an additional 1,042 shares in the last quarter. KBC Group NV grew its stake in shares of Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after acquiring an additional 889 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $200,000. Crossmark Global Holdings Inc. bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $204,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $232,000. Institutional investors own 97.23% of the company's stock.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the 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 sale, the insider now directly owns 60,270 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on HGV shares. Barclays reduced their target price on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. JMP Securities restated a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Morgan Stanley reduced 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 report on Tuesday, April 22nd. The Goldman Sachs Group increased their price target 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. Finally, Truist Financial increased their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of "Hold" and a consensus price target of $46.00.

Hilton Grand Vacations Stock Performance

NYSE HGV traded up $0.21 during trading on Thursday, hitting $38.18. 129,724 shares of the company's stock traded hands, compared to its average volume of 902,377. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 43.33, a PEG ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $44.99. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The business has a 50 day moving average of $36.70 and a 200-day moving average of $39.15.

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

Hilton Grand Vacations 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.