Verition Fund Management LLC Makes New Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Verition Fund Management LLC bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGVGet Rating) in the first quarter, Holdings Channel.com reports. The fund bought 15,000 shares of the company’s stock, valued at approximately $780,000.

A number of other hedge funds have also recently made changes to their positions in HGV. PNC Financial Services Group Inc. boosted its position in Hilton Grand Vacations by 327.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after buying an additional 419 shares during the period. Penserra Capital Management LLC purchased a new position in Hilton Grand Vacations during the 1st quarter worth $37,000. Allworth Financial LP raised its position in Hilton Grand Vacations by 152.0% during the 1st quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $40,000 after purchasing an additional 465 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Hilton Grand Vacations by 53.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,120 shares of the company’s stock worth $59,000 after buying an additional 391 shares during the period. Finally, Covestor Ltd grew its position in shares of Hilton Grand Vacations by 642.2% during the 1st quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $62,000 after buying an additional 1,034 shares in the last quarter. 98.40% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Trading Down 5.7 %

NYSE:HGV opened at $35.12 on Friday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 13.83 and a beta of 1.96. Hilton Grand Vacations Inc. has a 52 week low of $34.31 and a 52 week high of $56.33. The company has a quick ratio of 2.50, a current ratio of 3.62 and a debt-to-equity ratio of 1.83. The firm has a 50 day moving average of $41.15 and a 200 day moving average of $43.69.

Hilton Grand Vacations (NYSE:HGVGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.21). Hilton Grand Vacations had a net margin of 8.53% and a return on equity of 15.70%. The business had revenue of $948.00 million for the quarter, compared to analysts’ expectations of $951.37 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 183.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 2.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HGV has been the topic of several recent research reports. TheStreet cut shares of Hilton Grand Vacations from a “b” rating to a “c+” rating in a report on Tuesday, June 21st. Barclays began coverage on shares of Hilton Grand Vacations in a research note on Tuesday, June 28th. They issued an “overweight” rating and a $50.00 price objective for the company. Finally, Truist Financial dropped their target price on Hilton Grand Vacations from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, August 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Moderate Buy” and an average price target of $64.25.

Hilton Grand Vacations Profile

(Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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