Independent Family Office LLC Buys New Shares in Hilton Grand Vacations Inc. (NYSE:HGV)

Independent Family Office LLC purchased a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 16,085 shares of the company’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HGV. Cibc World Markets Corp bought a new stake in Hilton Grand Vacations during the fourth quarter valued at approximately $261,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Hilton Grand Vacations by 12.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,301 shares of the company’s stock valued at $752,000 after buying an additional 2,170 shares during the last quarter. AlphaQuest LLC increased its position in Hilton Grand Vacations by 186,169.2% in the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company’s stock worth $943,000 after purchasing an additional 24,202 shares during the last quarter. Inceptionr LLC bought a new stake in Hilton Grand Vacations in the fourth quarter worth $266,000. Finally, Aigen Investment Management LP bought a new stake in Hilton Grand Vacations in the fourth quarter worth $200,000. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Stock Up 5.3 %

Shares of HGV opened at $36.78 on Tuesday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm has a market cap of $3.50 billion, a P/E ratio of 41.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84. The company’s 50-day moving average price is $40.41 and its 200 day moving average price is $39.38. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $47.81.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on HGV. Truist Financial boosted their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. Mizuho increased their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Barclays upped their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group upped their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.25.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.