Millennium Management LLC Boosts Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Millennium Management LLC increased its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 27.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,045,286 shares of the company's stock after acquiring an additional 443,353 shares during the quarter. Millennium Management LLC owned about 2.08% of Hilton Grand Vacations worth $79,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its holdings in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after purchasing an additional 188,997 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Hilton Grand Vacations by 38,000.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company's stock worth $371,000 after buying an additional 9,500 shares during the period. Crossmark Global Holdings Inc. bought a new position in Hilton Grand Vacations during the fourth quarter worth $204,000. PB Investment Partners L.P. lifted its holdings in Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock valued at $22,257,000 after buying an additional 31,939 shares during the period. Finally, KBC Group NV lifted its holdings in Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after buying an additional 889 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Up 1.3%

HGV stock traded up $0.55 during trading on Friday, reaching $42.11. 644,078 shares of the stock were exchanged, compared to its average volume of 903,209. The firm's 50 day moving average is $36.26 and its 200 day moving average is $39.15. The firm has a market cap of $3.86 billion, a P/E ratio of 47.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $44.99.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The company's revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on HGV. The Goldman Sachs Group increased their price target on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a report on Friday, May 2nd. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Morgan Stanley lowered their target price on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JMP Securities reissued a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a research note on Monday, May 5th. 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 research 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.com, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $46.00.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 60,270 shares in the company, valued at $2,337,270.60. This represents a 45.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by insiders.

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.