Rangeley Capital LLC Invests $1.60 Million in Hilton Grand Vacations Inc. (NYSE:HGV)

Rangeley Capital LLC acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,000 shares of the company’s stock, valued at approximately $1,597,000. Hilton Grand Vacations accounts for approximately 1.4% of Rangeley Capital LLC’s holdings, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company’s stock worth $143,031,000 after purchasing an additional 373,442 shares during the last quarter. FMR LLC increased its holdings in shares of Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after buying an additional 917,397 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $34,746,000 after acquiring an additional 30,019 shares during the last quarter. Norges Bank purchased a new position in Hilton Grand Vacations in the fourth quarter worth $33,047,000. Finally, PB Investment Partners L.P. increased its stake in Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after acquiring an additional 31,939 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $37.97 on Thursday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The company’s fifty day moving average price is $40.04 and its 200-day moving average price is $39.44. The stock has a market cap of $3.59 billion, a PE ratio of 43.15, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $46.89.

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

Analyst Ratings Changes

Several equities analysts have recently commented on HGV shares. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Barclays boosted their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. JMP Securities reduced their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. Truist Financial upped their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Mizuho lifted their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. One 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 stock presently has a consensus rating of “Hold” and an average price target of $47.25.

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.