Millennium Management LLC Acquires 443,353 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Millennium Management LLC lifted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 27.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,045,286 shares of the company’s stock after purchasing an additional 443,353 shares during the quarter. Millennium Management LLC’s holdings in Hilton Grand Vacations were worth $79,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in HGV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hilton Grand Vacations by 0.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock worth $1,585,000 after purchasing an additional 303 shares during the period. GRS Advisors LLC acquired a new position in Hilton Grand Vacations in the 4th quarter valued at about $24,414,000. Deutsche Bank AG raised its holdings in Hilton Grand Vacations by 17.1% in the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company’s stock valued at $5,430,000 after acquiring an additional 20,398 shares during the period. Bridgefront Capital LLC acquired a new stake in Hilton Grand Vacations during the fourth quarter worth approximately $514,000. Finally, CAS Investment Partners LLC boosted its holdings in shares of Hilton Grand Vacations by 2.0% during the fourth quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company’s stock worth $252,877,000 after acquiring an additional 129,333 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $50.00 target price on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Truist Financial raised their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Morgan Stanley lowered their price objective on Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a “sell” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.00.

Insiders Place Their Bets

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the transaction, the insider now directly owns 60,270 shares of the company’s stock, valued at $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $41.85 on Thursday. The business has a 50 day moving average of $36.06 and a 200-day moving average of $39.10. The company has a market capitalization of $3.84 billion, a P/E ratio of 47.56, a P/E/G ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $44.99. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.40). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. On average, equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations 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.