Readystate Asset Management LP Acquires Shares of 11,700 Hilton Grand Vacations Inc. (NYSE:HGV)

Readystate Asset Management LP purchased a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 11,700 shares of the company's stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cibc World Markets Corp acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $261,000. KLP Kapitalforvaltning AS acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $608,000. Fox Run Management L.L.C. acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $362,000. Norges Bank acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $33,047,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $6,428,000. 97.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HGV has been the topic of a number of research reports. Barclays dropped their target price 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. Morgan Stanley lowered their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group upped their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a report on Friday, May 2nd. Mizuho upped their target price on shares of Hilton Grand Vacations from $70.00 to $73.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, JMP Securities reiterated 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 given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $46.38.

Insider Activity

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction on 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 owned 60,270 shares in the company, valued at $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company's stock.

Hilton Grand Vacations Stock Performance

HGV traded down $0.95 during trading on Thursday, hitting $50.21. 1,005,916 shares of the company traded hands, compared to its average volume of 1,128,993. The firm has a market cap of $4.60 billion, a P/E ratio of 156.89, a price-to-earnings-growth ratio of 5.86 and a beta of 1.63. The stock's fifty day moving average is $42.09 and its 200 day moving average is $39.66. The company has a quick ratio of 2.49, a current ratio of 3.95 and a debt-to-equity ratio of 4.01. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $51.70.

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). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the company earned $0.95 earnings per share. Hilton Grand Vacations's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal 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.