Squarepoint Ops LLC Has $19.22 Million Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Squarepoint Ops LLC raised its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 62.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 493,474 shares of the company's stock after acquiring an additional 189,934 shares during the quarter. Squarepoint Ops LLC owned approximately 0.50% of Hilton Grand Vacations worth $19,221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its holdings in shares of 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. KBC Group NV raised its holdings in shares of Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after buying an additional 889 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Hilton Grand Vacations in the fourth quarter valued at about $200,000. Crossmark Global Holdings Inc. bought a new position in shares of Hilton Grand Vacations in the fourth quarter valued at about $204,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Hilton Grand Vacations in the fourth quarter valued at about $232,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Trading Up 2.9%

Shares of Hilton Grand Vacations stock traded up $1.10 during trading on Tuesday, hitting $39.04. 126,772 shares of the company were exchanged, compared to its average volume of 1,008,975. The firm has a market capitalization of $3.58 billion, a P/E ratio of 44.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $44.99. The firm's fifty day moving average price is $36.67 and its 200 day moving average price is $39.16. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company 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%. Hilton Grand Vacations's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the transaction, the insider now directly owns 60,270 shares in the company, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HGV. 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. JMP Securities reiterated a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Morgan Stanley lowered their price objective 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. The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Finally, Mizuho lifted their price objective on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $46.00.

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.