Hilton Grand Vacations Inc. $HGV is TFJ Management LLC’s 5th Largest Position

TFJ Management LLC lifted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 266,171 shares of the company’s stock after purchasing an additional 38,780 shares during the quarter. Hilton Grand Vacations comprises about 7.5% of TFJ Management LLC’s investment portfolio, making the stock its 5th biggest position. TFJ Management LLC owned about 0.31% of Hilton Grand Vacations worth $11,129,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Hilton Grand Vacations by 136.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after acquiring an additional 520 shares during the last quarter. State of Wyoming purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $56,000. Quadrant Capital Group LLC purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $92,000. Finally, Raymond James Financial Inc. bought a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $190,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $40.92 on Friday. The business’s 50 day moving average price is $45.92 and its 200-day moving average price is $44.28. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The company has a market cap of $3.33 billion, a P/E ratio of 44.96, a P/E/G ratio of 0.58 and a beta of 1.43. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. Sell-side analysts predict 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 several research reports. Zacks Research cut shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company began coverage on shares of Hilton Grand Vacations in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price target on the stock. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Truist Financial dropped their price objective on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Barclays reduced their target price on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.33.

About Hilton Grand Vacations

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.