Landscape Capital Management L.L.C. Reduces Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Landscape Capital Management L.L.C. lessened its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 29.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,425 shares of the company’s stock after selling 68,199 shares during the quarter. Hilton Grand Vacations accounts for 0.6% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 24th largest position. Landscape Capital Management L.L.C. owned about 0.16% of Hilton Grand Vacations worth $5,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Long Pond Capital LP raised its stake in shares of Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after acquiring an additional 823,228 shares in the last quarter. Millennium Management LLC grew its position in Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after purchasing an additional 698,664 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Hilton Grand Vacations by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after acquiring an additional 162,459 shares during the last quarter. Iridian Asset Management LLC CT boosted its position in Hilton Grand Vacations by 63.9% in the second quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock valued at $11,628,000 after buying an additional 112,117 shares during the last quarter. Finally, Khrom Capital Management LLC acquired a new stake in shares of Hilton Grand Vacations in the second quarter worth $3,872,000. Institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

HGV has been the subject of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Truist Financial cut their target price 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, September 5th. Mizuho cut their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $36.00 in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $40.78 on Thursday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company has a 50-day moving average price of $37.98 and a 200 day moving average price of $39.34. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $49.02. The company has a market cap of $4.02 billion, a P/E ratio of 46.34, a PEG ratio of 2.21 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Research analysts predict that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current year.

About Hilton Grand Vacations

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.