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

683 Capital Management LLC lowered its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and 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 accounts for approximately 2.3% of 683 Capital Management LLC's portfolio, making the stock its 5th largest position. 683 Capital Management LLC owned 0.96% of Hilton Grand Vacations worth $37,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HGV. Covestor Ltd boosted its stake in Hilton Grand Vacations by 432.4% during the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after purchasing an additional 1,042 shares during the period. KBC Group NV boosted its stake in shares of Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after buying an additional 889 shares during the period. Aigen Investment Management LP purchased a new position in shares of Hilton Grand Vacations during the fourth quarter worth about $200,000. Crossmark Global Holdings Inc. acquired a new position in Hilton Grand Vacations in the 4th quarter valued at about $204,000. Finally, FourThought Financial Partners LLC purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho lifted their target price on Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and issued a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday. Truist Financial raised their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Morgan Stanley cut 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 report on Tuesday, April 22nd. Finally, Barclays reduced their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average target price of $46.00.

Hilton Grand Vacations Price Performance

HGV stock traded up $0.76 during trading on Wednesday, reaching $38.57. 182,711 shares of the company were exchanged, compared to its average volume of 901,809. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $45.00. 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 has a market cap of $3.65 billion, a P/E ratio of 43.87, a PEG ratio of 2.20 and a beta of 1.60. The stock's 50 day moving average price is $36.22 and its 200 day moving average price is $38.99.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced 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 return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the firm earned $0.95 EPS. Hilton Grand Vacations's revenue was down .7% compared to the same quarter last year. As a group, analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

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.