TFJ Management LLC Raises Stock Position in Hilton Grand Vacations Inc. $HGV

TFJ Management LLC raised its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 17.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,171 shares of the company’s stock after purchasing an additional 38,780 shares during the quarter. Hilton Grand Vacations accounts for approximately 7.5% of TFJ Management LLC’s holdings, making the stock its 5th biggest holding. TFJ Management LLC’s holdings in Hilton Grand Vacations were worth $11,129,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HGV. EverSource Wealth Advisors LLC boosted its position in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hilton Grand Vacations by 136.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after buying an additional 520 shares during the period. State of Wyoming bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $56,000. Quadrant Capital Group LLC bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $92,000. Finally, Raymond James Financial Inc. purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at $190,000. Institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HGV shares. Jefferies Financial Group upped their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Citizens Jmp upped their price target on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, March 9th. Wells Fargo & Company started coverage on shares of Hilton Grand Vacations in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 price target on the stock. Finally, Barclays decreased their price objective on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus price target of $52.33.

Hilton Grand Vacations Trading Down 2.3%

HGV opened at $40.92 on Friday. The stock’s fifty day moving average is $45.92 and its two-hundred day moving average is $44.28. The company has a market capitalization of $3.33 billion, a P/E ratio of 44.96, a PEG ratio of 0.58 and a beta of 1.43. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Hilton Grand Vacations’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.