Olympiad Research LP Acquires Shares of 15,856 Hilton Grand Vacations Inc. (NYSE:HGV)

Olympiad Research LP acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,856 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Hilton Grand Vacations by 17.7% in the first quarter. BNP Paribas Financial Markets now owns 77,210 shares of the company’s stock valued at $3,645,000 after buying an additional 11,610 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Hilton Grand Vacations by 4.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company’s stock valued at $582,000 after buying an additional 523 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Hilton Grand Vacations in the first quarter valued at about $884,000. Texas Permanent School Fund Corp raised its position in shares of Hilton Grand Vacations by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 62,374 shares of the company’s stock valued at $2,945,000 after buying an additional 945 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Hilton Grand Vacations by 23.8% in the first quarter. Sei Investments Co. now owns 55,249 shares of the company’s stock valued at $2,608,000 after buying an additional 10,615 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Up 6.6 %

HGV stock opened at $40.17 on Thursday. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18. Hilton Grand Vacations Inc. has a twelve month low of $33.16 and a twelve month high of $49.02. The company’s 50 day moving average is $37.08 and its two-hundred day moving average is $39.45. The stock has a market cap of $4.08 billion, a P/E ratio of 28.09, a PEG ratio of 2.00 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Research analysts expect that Hilton Grand Vacations Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HGV. Truist Financial reduced their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. Barclays cut their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Two investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.71.

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.