Teza Capital Management LLC Invests $768,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Teza Capital Management LLC bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,721 shares of the company's stock, valued at approximately $768,000.

Several other large investors also recently added to or reduced their stakes in HGV. Point72 Asset Management L.P. acquired a new position in shares of Hilton Grand Vacations in the fourth quarter worth $311,000. ProShare Advisors LLC increased its stake in shares of Hilton Grand Vacations by 37.7% in the fourth quarter. ProShare Advisors LLC now owns 23,037 shares of the company's stock worth $897,000 after acquiring an additional 6,307 shares during the last quarter. Parsifal Capital Management LP increased its stake in shares of Hilton Grand Vacations by 1.8% in the fourth quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock worth $135,385,000 after acquiring an additional 62,346 shares during the last quarter. Man Group plc increased its stake in shares of Hilton Grand Vacations by 193.4% in the fourth quarter. Man Group plc now owns 108,248 shares of the company's stock worth $4,216,000 after acquiring an additional 71,352 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Hilton Grand Vacations by 36.8% in the fourth quarter. Nuveen Asset Management LLC now owns 288,599 shares of the company's stock worth $11,241,000 after acquiring an additional 77,584 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Hilton Grand Vacations 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 value of $1,977,780.00. Following the transaction, the insider now directly owns 60,270 shares of the company's stock, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HGV shares. Wall Street Zen raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Truist Financial upped their price objective 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. The Goldman Sachs Group increased their price target on shares of 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, Morgan Stanley dropped 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. One 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, the company has an average rating of "Hold" and a consensus price target of $46.00.

Hilton Grand Vacations Price Performance

Shares of HGV traded down $0.60 during mid-day trading on Friday, hitting $38.00. 655,160 shares of the company traded hands, compared to its average volume of 905,082. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year 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 business has a 50-day moving average of $36.67 and a 200 day moving average of $39.21. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results 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 2.01% and a return on equity of 16.44%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate 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 expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

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.