Rangeley Capital LLC Makes New Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Rangeley Capital LLC bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 41,000 shares of the company's stock, valued at approximately $1,597,000. Hilton Grand Vacations comprises approximately 1.4% of Rangeley Capital LLC's investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds have also recently bought and sold shares of HGV. Franklin Resources Inc. raised its position in shares of Hilton Grand Vacations by 11.3% during the fourth 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 during the last quarter. FMR LLC grew its holdings in shares of Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after purchasing an additional 917,397 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hilton Grand Vacations by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock valued at $34,746,000 after purchasing an additional 30,019 shares during the period. Norges Bank acquired a new position in shares of Hilton Grand Vacations in the fourth quarter valued at $33,047,000. Finally, PB Investment Partners L.P. lifted its position in Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock worth $22,257,000 after purchasing an additional 31,939 shares during the period. 97.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HGV has been the subject of a number of recent research reports. Mizuho increased 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 note on Friday, February 28th. Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an "overweight" rating and a $47.00 target price on the stock. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. JMP Securities cut their target price on 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. Finally, Barclays upped their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $47.25.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV traded up $0.66 during midday trading on Tuesday, reaching $33.59. The company's stock had a trading volume of 421,185 shares, compared to its average volume of 841,547. Hilton Grand Vacations Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $46.40. The business's fifty day simple moving average is $39.57 and its 200-day simple moving average is $39.39. The company has a market capitalization of $3.18 billion, a P/E ratio of 38.35, a P/E/G 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 (NYSE:HGV - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal 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.