Landscape Capital Management L.L.C. reduced its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 94.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,608 shares of the company's stock after selling 153,817 shares during the period. Landscape Capital Management L.L.C.'s holdings in Hilton Grand Vacations were worth $374,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. ExodusPoint Capital Management LP grew its holdings in shares of Hilton Grand Vacations by 129.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 223,875 shares of the company's stock worth $8,720,000 after purchasing an additional 126,166 shares during the period. Rangeley Capital LLC bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $1,597,000. Franklin Resources Inc. raised its stake in Hilton Grand Vacations by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock worth $143,031,000 after acquiring an additional 373,442 shares during the period. CIBC Private Wealth Group LLC boosted its holdings 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 acquiring an additional 3,576 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Hilton Grand Vacations in the 4th quarter valued at approximately $6,428,000. Institutional investors and hedge funds own 97.23% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on HGV. The Goldman Sachs Group lifted their target price on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, March 4th. Barclays lifted their target price on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Truist Financial increased their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Mizuho boosted 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. Finally, JMP Securities cut their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. One investment 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. Based on data from MarketBeat, Hilton Grand Vacations has an average rating of "Hold" and a consensus target price of $47.25.
Get Our Latest Research Report on Hilton Grand Vacations
Hilton Grand Vacations Stock Performance
NYSE:HGV traded down $0.01 during midday trading on Friday, reaching $33.95. The stock had a trading volume of 1,377,584 shares, compared to its average volume of 862,498. The stock has a market capitalization of $3.21 billion, a P/E ratio of 38.58, a PEG ratio of 2.20 and a beta of 1.68. 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 1-year low of $30.59 and a 1-year high of $45.48. The firm's fifty day simple moving average is $38.68 and its 200-day simple moving average is $39.23.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data 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 for 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%. On average, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.
About Hilton Grand Vacations
(
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.
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