Olympiad Research LP Invests $576,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Olympiad Research LP bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,856 shares of the company's stock, valued at approximately $576,000.

A number of other institutional investors have also added to or reduced their stakes in HGV. Reston Wealth Management LLC purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the second quarter valued at about $32,000. Blue Trust Inc. raised its position in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations during the second quarter worth about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter worth about $120,000. 97.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HGV shares. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a "sell" rating and a $31.00 price objective on the stock. Mizuho decreased their price target on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Barclays cut their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Truist Financial decreased their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, September 5th. Finally, Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a "buy" rating to a "hold" rating and lowered their price target for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $43.71.

Hilton Grand Vacations Trading Up 3.5 %

Hilton Grand Vacations stock traded up $1.41 during trading hours on Thursday, reaching $41.59. The stock had a trading volume of 1,709,265 shares, compared to its average volume of 775,354. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The stock has a market cap of $4.22 billion, a PE ratio of 28.09, a PEG ratio of 2.00 and a beta of 1.82. Hilton Grand Vacations Inc. has a 52 week low of $33.16 and a 52 week high of $49.02. The company has a fifty day simple moving average of $37.08 and a 200-day simple moving average of $39.45.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the business posted $0.85 EPS. The company's quarterly revenue was up 22.6% compared to the same quarter last year. Analysts forecast that Hilton Grand Vacations Inc. will post 3.55 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.