Hilton Grand Vacations Inc. $HGV Shares Bought by TFJ Management LLC

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 holdings 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 166,991 shares of the company's stock after purchasing an additional 75,321 shares during the period. Hilton Grand Vacations comprises 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 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after buying an additional 497 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Hilton Grand Vacations by 106.8% during the first 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. Bayforest Capital Ltd acquired a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at $73,000. FNY Investment Advisers LLC bought a new stake in shares of Hilton Grand Vacations in the 1st quarter worth about $73,000. Finally, Fifth Third Bancorp grew its holdings 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 during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HGV shares. Mizuho boosted their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $39.00 price target on shares of Hilton Grand Vacations in a report on Friday, August 1st. Morgan Stanley reduced their price objective on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the stock a "buy" rating in a report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hilton Grand Vacations has an average rating of "Moderate Buy" and a consensus price target of $53.43.

Hilton Grand Vacations Trading Down 1.1%

Shares of NYSE:HGV traded down $0.4790 during trading on Wednesday, hitting $43.5710. 613,787 shares of the company's stock were exchanged, compared to its average volume of 1,039,116. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The firm has a market cap of $3.88 billion, a P/E ratio of 79.22, a PEG ratio of 3.80 and a beta of 1.65. The firm has a 50-day moving average price of $44.69 and a two-hundred day moving average price of $40.47. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08.

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

Hilton Grand Vacations declared that its board has authorized a stock repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.