Ghisallo Capital Management LLC Buys New Holdings in Hilton Grand Vacations Inc. $HGV

Ghisallo Capital Management LLC purchased a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 125,000 shares of the company’s stock, valued at approximately $5,226,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in Hilton Grand Vacations in the 1st quarter valued at $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hilton Grand Vacations by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after purchasing an additional 615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Hilton Grand Vacations by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after purchasing an additional 3,705 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Hilton Grand Vacations by 24.5% in the first quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after purchasing an additional 8,567 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Hilton Grand Vacations in the second quarter valued at about $612,000. 97.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HGV has been the subject of several research analyst reports. 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. Jefferies Financial Group increased their price target on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Citizens Jmp raised their price objective on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, March 9th. Zacks Research cut Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Mizuho lowered their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.33.

Hilton Grand Vacations Trading Down 2.3%

Shares of Hilton Grand Vacations stock opened at $40.92 on Friday. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The firm has a 50-day moving average of $45.92 and a 200-day moving average of $44.28. Hilton Grand Vacations Inc. has a 52-week low of $30.59 and a 52-week high of $52.08. The stock has a market cap of $3.33 billion, a PE ratio of 44.96, a PEG ratio of 0.58 and a beta of 1.43.

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

Hilton Grand Vacations 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.