Hilton Grand Vacations Inc. (NYSE:HGV) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 129.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 223,875 shares of the company's stock after purchasing an additional 126,166 shares during the quarter. ExodusPoint Capital Management LP owned about 0.23% of Hilton Grand Vacations worth $8,720,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Rangeley Capital LLC purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at $1,597,000. Franklin Resources Inc. lifted its stake in Hilton Grand Vacations by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock worth $143,031,000 after purchasing an additional 373,442 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Hilton Grand Vacations by 5.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 64,693 shares of the company's stock valued at $2,480,000 after buying an additional 3,576 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $6,428,000. Finally, Norges Bank bought a new position in Hilton Grand Vacations in the 4th quarter valued at $33,047,000. Institutional investors own 97.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HGV shares. Morgan Stanley initiated coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an "overweight" rating and a $47.00 price objective for the company. Truist Financial raised 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. Barclays boosted their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Finally, JMP Securities reduced their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $47.25.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock traded down $2.89 during trading hours on Thursday, hitting $33.61. 297,837 shares of the stock traded hands, compared to its average volume of 854,496. The firm's 50 day moving average price is $38.95 and its 200-day moving average price is $39.27. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $45.48.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. As a group, equities analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

About Hilton Grand Vacations

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.