Caxton Associates LP acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 40,000 shares of the company’s stock, valued at approximately $1,442,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of Hilton Grand Vacations by 7,430.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,245,594 shares of the company’s stock valued at $80,976,000 after acquiring an additional 2,215,775 shares during the period. Wells Fargo & Company MN boosted its position in shares of Hilton Grand Vacations by 1,127.9% in the 2nd quarter. Wells Fargo & Company MN now owns 1,824,671 shares of the company’s stock worth $65,798,000 after purchasing an additional 1,676,070 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hilton Grand Vacations by 138.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,559,415 shares of the company’s stock worth $56,233,000 after purchasing an additional 906,791 shares in the last quarter. Balyasny Asset Management LLC boosted its position in shares of Hilton Grand Vacations by 184.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,248,638 shares of the company’s stock worth $45,026,000 after purchasing an additional 810,222 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Hilton Grand Vacations by 17.5% in the 2nd quarter. Vanguard Group Inc. now owns 5,285,950 shares of the company’s stock worth $190,611,000 after purchasing an additional 788,628 shares in the last quarter. Institutional investors own 97.86% of the company’s stock.
Shares of Hilton Grand Vacations Inc. (NYSE:HGV) traded down 0.08% during trading on Wednesday, hitting $39.80. The company had a trading volume of 42,173 shares. The firm has a market capitalization of $3.94 billion and a P/E ratio of 22.65. Hilton Grand Vacations Inc. has a 52-week low of $24.60 and a 52-week high of $40.11. The stock’s 50-day moving average is $37.60 and its 200 day moving average is $35.57.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $413.33 million. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts predict that Hilton Grand Vacations Inc. will post $1.94 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on HGV shares. Zacks Investment Research cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Nomura lifted their price target on Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Instinet reaffirmed a “buy” rating and set a $45.00 price target (up previously from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Hilton Grand Vacations currently has an average rating of “Buy” and an average price target of $38.78.
In related news, Director David William Johnson purchased 28,000 shares of Hilton Grand Vacations stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $35.16 per share, with a total value of $984,480.00. Following the acquisition, the director now directly owns 33,000 shares in the company, valued at $1,160,280. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is owned by corporate insiders.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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