Readystate Asset Management LP Buys 10,422 Shares of Hilton Grand Vacations Inc. $HGV

Readystate Asset Management LP increased its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 38.7% during the first quarter, HoldingsChannel reports. The fund owned 37,324 shares of the company’s stock after buying an additional 10,422 shares during the period. Readystate Asset Management LP’s holdings in Hilton Grand Vacations were worth $1,460,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HGV. Leonteq Securities AG lifted its stake in Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares in the last quarter. Bard Associates Inc. acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Hilton Grand Vacations in the fourth quarter worth $44,000. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Stock Down 2.3%

Hilton Grand Vacations stock opened at $51.52 on Thursday. The company’s 50-day moving average price is $50.93 and its two-hundred day moving average price is $47.15. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The stock has a market cap of $4.08 billion, a P/E ratio of 27.55, a P/E/G ratio of 0.51 and a beta of 1.51. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. As a group, analysts expect that Hilton Grand Vacations Inc. will post 4.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HGV. Morgan Stanley increased their target price on shares of Hilton Grand Vacations from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Wells Fargo & Company lowered their target price on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group upgraded Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.22.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the transaction, the insider owned 68,615 shares in the company, valued at $3,270,190.90. This trade represents a 32.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares of the company’s stock, valued at $657,395.20. This represents a 28.44% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 229,315 shares of company stock valued at $11,738,497. Insiders own 3.10% of the company’s stock.

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.