Brightlight Capital Management LP Has $13.57 Million Stock Holdings in Hilton Grand Vacations Inc. $HGV

Brightlight Capital Management LP lowered its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 20.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 303,200 shares of the company’s stock after selling 79,500 shares during the quarter. Hilton Grand Vacations accounts for 9.6% of Brightlight Capital Management LP’s portfolio, making the stock its 4th biggest position. Brightlight Capital Management LP’s holdings in Hilton Grand Vacations were worth $13,568,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in Hilton Grand Vacations in the third quarter valued at approximately $4,386,000. JPMorgan Chase & Co. lifted its position in Hilton Grand Vacations by 19.0% in the third quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company’s stock valued at $9,944,000 after purchasing an additional 37,907 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Hilton Grand Vacations in the third quarter valued at approximately $6,956,000. TFJ Management LLC lifted its position in Hilton Grand Vacations by 17.1% in the third quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock valued at $11,129,000 after purchasing an additional 38,780 shares during the last quarter. Finally, Iridian Asset Management LLC CT lifted its position in Hilton Grand Vacations by 69.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock valued at $20,807,000 after purchasing an additional 190,909 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $52.06 on Thursday. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The company has a market cap of $4.13 billion, a PE ratio of 27.84, a P/E/G ratio of 0.46 and a beta of 1.50. The business has a 50 day moving average of $47.95 and a 200 day moving average of $45.66. Hilton Grand Vacations Inc. has a 52 week low of $36.79 and a 52 week high of $53.82.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, equities research analysts forecast that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on HGV. The Goldman Sachs Group upgraded Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research report on Monday, June 1st. Wall Street Zen upgraded Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Wells Fargo & Company lowered their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Barclays upped their target price on Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.89.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the completion of the transaction, the insider owned 68,615 shares in the company, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carlos Hernandez sold 5,595 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the transaction, the insider owned 14,080 shares of the company’s stock, valued at approximately $657,395.20. This trade represents a 28.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 229,315 shares of company stock worth $11,738,497. 3.10% of the stock is owned by corporate insiders.

About Hilton Grand Vacations

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.