Tudor Investment Corp ET AL Purchases New Stake in Hilton Grand Vacations Inc. $HGV

Tudor Investment Corp ET AL acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 166,381 shares of the company’s stock, valued at approximately $6,956,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Securian Asset Management Inc. raised its stake in shares of Hilton Grand Vacations by 5.0% in the 3rd quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock valued at $193,000 after purchasing an additional 222 shares in the last quarter. Waterway Wealth Management LLC grew its stake in Hilton Grand Vacations by 4.3% in the third quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock worth $332,000 after purchasing an additional 325 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Hilton Grand Vacations by 73.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,109 shares of the company’s stock worth $46,000 after purchasing an additional 468 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Hilton Grand Vacations by 3.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,994 shares of the company’s stock valued at $543,000 after buying an additional 481 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Hilton Grand Vacations by 136.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after buying an additional 520 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Trading Up 3.5%

Shares of NYSE:HGV opened at $41.64 on Tuesday. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04. The company’s 50-day moving average price is $45.27 and its 200 day moving average price is $43.98. The company has a market cap of $3.38 billion, a PE ratio of 45.76, a P/E/G ratio of 0.55 and a beta of 1.43. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.17). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. Hilton Grand Vacations’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

HGV has been the topic of a number of research analyst reports. Mizuho reduced their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 price target on shares of Hilton Grand Vacations in a report on Friday, January 16th. The Goldman Sachs Group reissued a “sell” rating and set a $40.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Jefferies Financial Group raised their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.33.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.