Nantahala Capital Management LLC grew its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 131.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,730,995 shares of the company's stock after buying 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 largest holding. Nantahala Capital Management LLC owned approximately 1.76% of Hilton Grand Vacations worth $67,422,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HGV. Covestor Ltd lifted its stake in Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after buying an additional 1,042 shares during the period. KBC Group NV boosted its position 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 purchasing an additional 889 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at $200,000. Crossmark Global Holdings Inc. bought a new position in Hilton Grand Vacations during the fourth quarter worth about $204,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at about $232,000. 97.23% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
HGV has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. Mizuho upped their price target on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday. Barclays cut their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday. Morgan Stanley decreased their target price on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group boosted their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $46.00.
View Our Latest Stock Analysis on Hilton Grand Vacations
Hilton Grand Vacations Stock Performance
Hilton Grand Vacations stock traded up $2.26 during mid-day trading on Friday, hitting $39.03. 1,240,185 shares of the company's stock traded hands, compared to its average volume of 901,027. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $45.00. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 44.35, a P/E/G ratio of 2.20 and a beta of 1.60. The firm has a 50 day simple moving average of $36.35 and a two-hundred day simple moving average of $38.99. 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 (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. On average, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.
Hilton Grand Vacations Profile
(
Free Report)
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.
Further Reading
Before you consider Hilton Grand Vacations, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hilton Grand Vacations wasn't on the list.
While Hilton Grand Vacations currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
