AlphaQuest LLC Buys 24,202 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

AlphaQuest LLC boosted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 186,169.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,215 shares of the company’s stock after acquiring an additional 24,202 shares during the quarter. AlphaQuest LLC’s holdings in Hilton Grand Vacations were worth $943,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Inceptionr LLC purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $266,000. Aigen Investment Management LP purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $200,000. Victory Capital Management Inc. boosted its stake in Hilton Grand Vacations by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 26,938 shares of the company’s stock valued at $1,049,000 after purchasing an additional 9,798 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hilton Grand Vacations by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock valued at $34,746,000 after purchasing an additional 30,019 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in Hilton Grand Vacations by 0.9% during the 4th quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock valued at $1,125,000 after purchasing an additional 263 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HGV. Mizuho increased their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Truist Financial raised their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday. Barclays raised their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, The Goldman Sachs Group raised their price target on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $37.74 on Tuesday. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $47.81. The stock’s fifty day moving average is $40.71 and its 200 day moving average is $39.48. The stock has a market cap of $3.60 billion, a P/E ratio of 42.89, a P/E/G ratio of 2.20 and a beta of 1.84. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

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.