Arrowstreet Capital Limited Partnership Acquires Shares of 165,031 Hilton Grand Vacations Inc. (NYSE:HGV)

Arrowstreet Capital Limited Partnership bought a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 165,031 shares of the company’s stock, valued at approximately $6,428,000. Arrowstreet Capital Limited Partnership owned about 0.17% of Hilton Grand Vacations as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HGV. KBC Group NV grew its holdings in Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after acquiring an additional 889 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $200,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $204,000. FourThought Financial Partners LLC acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $232,000. Finally, Cibc World Markets Corp bought a new position in Hilton Grand Vacations in the 4th quarter worth approximately $261,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HGV. Mizuho boosted their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. JMP Securities dropped their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price on the stock. Truist Financial boosted their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.25.

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $32.85 on Tuesday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 12-month low of $31.19 and a 12-month high of $46.40. The firm has a fifty day moving average of $39.57 and a 200-day moving average of $39.39. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68.

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

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.