683 Capital Management LLC Sells 275,000 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

683 Capital Management LLC trimmed its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,000 shares of the company's stock after selling 275,000 shares during the period. Hilton Grand Vacations comprises 2.3% of 683 Capital Management LLC's investment portfolio, making the stock its 5th largest position. 683 Capital Management LLC owned 0.96% of Hilton Grand Vacations worth $37,002,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Nantahala Capital Management LLC boosted its position in Hilton Grand Vacations by 131.8% during the 4th quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after purchasing an additional 984,166 shares during the period. Northern Trust Corp boosted its position in shares of Hilton Grand Vacations by 10.3% in the fourth quarter. Northern Trust Corp now owns 892,091 shares of the company's stock worth $34,747,000 after buying an additional 83,334 shares during the period. Tudor Investment Corp ET AL grew its stake in shares of Hilton Grand Vacations by 1.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 281,300 shares of the company's stock valued at $10,957,000 after buying an additional 3,680 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at about $4,145,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Hilton Grand Vacations by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 559,414 shares of the company's stock worth $21,790,000 after acquiring an additional 1,768 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HGV. The Goldman Sachs Group boosted their target price 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. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. JMP Securities reiterated a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a research note on Monday. Morgan Stanley dropped their price objective on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays dropped their price target on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday. One equities research 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.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock traded down $0.60 on Tuesday, reaching $37.82. 876,735 shares of the company were exchanged, compared to its average volume of 902,926. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $45.00. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 42.98, a P/E/G ratio of 2.20 and a beta of 1.60. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company's 50-day moving average is $36.31 and its two-hundred day moving average is $39.00.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $0.95 EPS. The firm's revenue was down .7% on a year-over-year basis. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

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.