Teza Capital Management LLC Acquires New Shares in Hilton Grand Vacations Inc. (NYSE:HGV)

Teza Capital Management LLC acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,721 shares of the company's stock, valued at approximately $768,000.

Several other hedge funds have also recently bought and sold shares of the company. Nantahala Capital Management LLC raised its holdings in shares of Hilton Grand Vacations by 131.8% in the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after acquiring an additional 984,166 shares during the last quarter. Norges Bank purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at $33,047,000. GRS Advisors LLC purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at $24,414,000. Dimensional Fund Advisors LP grew its position in shares of Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock valued at $114,329,000 after purchasing an additional 512,362 shares during the period. Finally, Millennium Management LLC grew its position in shares of Hilton Grand Vacations by 27.7% in the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after purchasing an additional 443,353 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Price Performance

HGV stock opened at $41.46 on Tuesday. The stock has a 50-day moving average price of $36.38 and a two-hundred day moving average price of $39.20. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $44.99. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The company has a market cap of $3.80 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the company earned $0.95 EPS. Hilton Grand Vacations's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current 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 dated 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 transaction, the insider now owns 60,270 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 2.30% of the company's stock.

Analyst Ratings Changes

HGV has been the subject of a number of recent analyst reports. 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 research report on Friday, March 7th. Mizuho lifted their price objective on Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. JMP Securities reaffirmed 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. Finally, Morgan Stanley lowered their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.

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