Hilton Grand Vacations Inc. (NYSE:HGV) Shares Bought by Berylson Capital Partners LLC
Berylson Capital Partners LLC increased its stake in Hilton Grand Vacations Inc. by 94.1% in the 4th quarter. The institutional investor now owns 84,800 shares of the company's stock, worth $3,407,000. Other hedge funds have also made changes to their positions in HGV. Analysts have given the stock a "Moderate Buy" rating with a consensus target price of $58.71. Hilton Grand Vacations reported $0.95 EPS for the quarter, beating expectations.
Berylson Capital Partners LLC increased its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 94.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,800 shares of the company's stock after acquiring an additional 41,100 shares during the period. Hilton Grand Vacations makes up approximately 6.3% of Berylson Capital Partners LLC's investment portfolio, making the stock its 3rd biggest position. Berylson Capital Partners LLC owned approximately 0.08% of Hilton Grand Vacations worth $3,407,000 at the end of the most recent reporting period.
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A number of other hedge funds have also made changes to their positions in HGV. Bridgefront Capital LLC bought a new position in Hilton Grand Vacations during the fourth quarter valued at about $326,000. Breach Inlet Capital Management LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at about $13,700,000. Gray Foundation acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $8,539,000. Mudita Advisors LLP raised its holdings in shares of Hilton Grand Vacations by 15.0% in the 4th quarter. Mudita Advisors LLP now owns 534,665 shares of the company's stock worth $21,483,000 after purchasing an additional 69,734 shares in the last quarter. Finally, Armistice Capital LLC acquired a new stake in Hilton Grand Vacations during the fourth quarter valued at approximately $1,051,000. Institutional investors and hedge funds own 97.23% of the company's stock.
Insider Buying and Selling at Hilton Grand Vacations
In related news, insider Jorge Pablo Brizi sold 28,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now directly owns 51,855 shares in the company, valued at $2,437,185. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on HGV. Mizuho assumed coverage on shares of Hilton Grand Vacations in a research report on Tuesday, March 26th. They issued a "buy" rating and a $63.00 price target on the stock. Barclays boosted their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research report on Monday, April 15th. They issued an "overweight" rating and a $59.00 price target for the company. JMP Securities restated a "market outperform" rating and set a $55.00 price objective on shares of Hilton Grand Vacations in a report on Friday, March 1st. Finally, Truist Financial upped their price objective on shares of Hilton Grand Vacations from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.71.
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Hilton Grand Vacations Trading Up 3.6 %
Shares of NYSE HGV opened at $41.51 on Thursday. The firm has a market capitalization of $4.30 billion, a PE ratio of 19.58, a PEG ratio of 1.83 and a beta of 1.89. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09. The business has a 50-day moving average price of $42.71 and a two-hundred day moving average price of $42.64.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The firm's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. As a group, analysts predict that Hilton Grand Vacations Inc. will post 3.74 earnings per share for the current fiscal year.
About Hilton Grand Vacations
(Free Report)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.
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