Nantahala Capital Management LLC Purchases 984,166 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Nantahala Capital Management LLC grew its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 131.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,730,995 shares of the company's stock after acquiring an additional 984,166 shares during the period. Hilton Grand Vacations accounts for approximately 2.9% of Nantahala Capital Management LLC's investment portfolio, making the stock its 4th biggest holding. Nantahala Capital Management LLC owned approximately 1.76% of Hilton Grand Vacations worth $67,422,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HGV. Amalgamated Bank lifted its holdings in Hilton Grand Vacations by 0.9% in the 4th quarter. Amalgamated Bank now owns 28,884 shares of the company's stock worth $1,125,000 after buying an additional 263 shares during the period. Bank of Montreal Can raised its position in shares of Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock worth $290,000 after acquiring an additional 361 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Hilton Grand Vacations by 7.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company's stock worth $512,000 after acquiring an additional 869 shares in the last quarter. KBC Group NV raised its position in shares of Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after acquiring an additional 889 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after acquiring an additional 1,042 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on HGV. The Goldman Sachs Group reduced their price target on Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating for the company in a report on Monday, April 14th. Mizuho increased their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Barclays increased their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Truist Financial upped their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $44.63.

Hilton Grand Vacations Price Performance

HGV stock traded up $3.16 during mid-day trading on Thursday, reaching $36.79. 2,548,176 shares of the company's stock were exchanged, compared to its average volume of 897,999. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The stock's 50 day moving average is $36.46 and its 200 day moving average is $38.96. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations Inc. has a 12-month low of $30.00 and a 12-month high of $45.00.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.43). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. On average, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current 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.