nVerses Capital LLC Buys Shares of 800 Hilton Grand Vacations Inc. (NYSE:HGV)

nVerses Capital LLC bought a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 800 shares of the company’s stock, valued at approximately $32,000.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Hilton Grand Vacations during the fourth quarter worth about $23,383,000. Boulder Hill Capital Management LP purchased a new stake in Hilton Grand Vacations during the fourth quarter worth about $1,933,000. Franklin Resources Inc. increased its stake in Hilton Grand Vacations by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock worth $122,042,000 after purchasing an additional 195,485 shares during the period. GSA Capital Partners LLP purchased a new stake in Hilton Grand Vacations during the first quarter worth about $884,000. Finally, Vanguard Group Inc. increased its stake in Hilton Grand Vacations by 1.0% during the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Truist Financial cut their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Barclays cut their target price on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.71.

Hilton Grand Vacations Stock Up 0.1 %

HGV stock opened at $37.63 on Friday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.94 and a beta of 1.83. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The company’s 50 day moving average price is $39.46 and its 200 day moving average price is $42.12.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.37 EPS for the current fiscal year.

Hilton Grand Vacations 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.