Pamalican Asset Management Ltd Acquires New Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Pamalican Asset Management Ltd acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 150,000 shares of the company's stock, valued at approximately $5,842,000. Hilton Grand Vacations accounts for 2.6% of Pamalican Asset Management Ltd's portfolio, making the stock its 13th biggest position. Pamalican Asset Management Ltd owned approximately 0.15% of Hilton Grand Vacations at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HGV. ExodusPoint Capital Management LP boosted its holdings in shares of Hilton Grand Vacations by 129.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 223,875 shares of the company's stock valued at $8,720,000 after acquiring an additional 126,166 shares in the last quarter. Rangeley Capital LLC purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $1,597,000. Franklin Resources Inc. grew its stake in shares of Hilton Grand Vacations by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock valued at $143,031,000 after buying an additional 373,442 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Hilton Grand Vacations during the fourth quarter valued at approximately $6,428,000. Institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on HGV shares. Truist Financial increased 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. Morgan Stanley began coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an "overweight" rating and a $47.00 price objective for the company. Mizuho lifted their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, JMP Securities dropped their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research note 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $47.25.

Hilton Grand Vacations Stock Down 1.8 %

NYSE HGV traded down $0.58 on Wednesday, hitting $31.22. 521,002 shares of the company were exchanged, compared to its average volume of 848,209. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The stock has a fifty day moving average of $39.17 and a 200-day moving average of $39.30. The company has a market cap of $2.95 billion, a PE ratio of 35.47, a PEG ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 12 month low of $30.61 and a 12 month high of $46.40.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced 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 the consensus estimate of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. As a group, analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share 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.