Millennium Management LLC Purchases 698,664 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Millennium Management LLC boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 44.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,269,405 shares of the company’s stock after purchasing an additional 698,664 shares during the quarter. Millennium Management LLC’s holdings in Hilton Grand Vacations were worth $91,752,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Hilton Grand Vacations in the second quarter worth $32,000. YHB Investment Advisors Inc. bought a new position in Hilton Grand Vacations in the first quarter worth $47,000. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations in the second quarter worth $93,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth $120,000. Finally, Benjamin Edwards Inc. grew its stake in shares of Hilton Grand Vacations by 46.0% in the first quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock worth $151,000 after acquiring an additional 1,006 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of recent research reports. Truist Financial cut their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Mizuho cut their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Barclays cut their target price on 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. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and an average target price of $43.71.

Hilton Grand Vacations Trading Up 0.5 %

Hilton Grand Vacations stock opened at $38.05 on Friday. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02. The stock has a market capitalization of $3.95 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.83. The business’s fifty day moving average is $38.09 and its 200 day moving average is $41.11.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). The business had revenue of $1.24 billion for 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 company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. On average, sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.07 EPS 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.