TFJ Management LLC Purchases 75,321 Shares of Hilton Grand Vacations Inc. $HGV

Key Points

• TFJ Management LLC increased its stake in Hilton Grand Vacations by 82.2%, acquiring an additional 75,321 shares, bringing their total holdings to 166,991 shares worth approximately $6.25 million.
• Despite a missed earnings estimate of $0.54 per share against a predicted $0.78, Hilton Grand Vacations' revenue grew 2.5% year-over-year to $1.27 billion.
• The company's stock is being closely monitored, with a consensus rating of "Moderate Buy" and a target price averaging $53.43 among analysts.

TFJ Management LLC boosted its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 82.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,991 shares of the company's stock after buying an additional 75,321 shares during the period. Hilton Grand Vacations makes up about 5.9% of TFJ Management LLC's portfolio, making the stock its 7th biggest holding. TFJ Management LLC owned about 0.18% of Hilton Grand Vacations worth $6,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after purchasing an additional 497 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after acquiring an additional 550 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Hilton Grand Vacations in the 1st quarter valued at $73,000. Bayforest Capital Ltd acquired a new stake in shares of Hilton Grand Vacations in the 1st quarter worth $73,000. Finally, Fifth Third Bancorp boosted its position in shares of Hilton Grand Vacations by 8.8% in the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after purchasing an additional 364 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Down 0.8%

Hilton Grand Vacations stock traded down $0.34 during midday trading on Thursday, reaching $43.29. The company's stock had a trading volume of 407,571 shares, compared to its average volume of 1,037,057. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31. The company has a market cap of $3.85 billion, a P/E ratio of 78.69, a P/E/G ratio of 3.77 and a beta of 1.65. The business has a 50-day simple moving average of $44.75 and a 200-day simple moving average of $40.49.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has authorized a share buyback plan on Wednesday, August 13th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have commented on the company. Mizuho lifted their price target on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Truist Financial reduced their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a report on Thursday. Barclays upped their price target on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a "sell" rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Finally, 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. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of "Moderate Buy" and an average target price of $53.29.

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.