683 Capital Management LLC Buys 120,000 Shares of Hilton Grand Vacations Inc. $HGV

683 Capital Management LLC increased its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 19.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 745,000 shares of the company’s stock after buying an additional 120,000 shares during the period. Hilton Grand Vacations makes up approximately 1.5% of 683 Capital Management LLC’s holdings, making the stock its 7th biggest position. 683 Capital Management LLC’s holdings in Hilton Grand Vacations were worth $33,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HGV. AQR Capital Management LLC acquired a new position in shares of Hilton Grand Vacations in the 1st quarter worth $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after acquiring an additional 615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock worth $6,748,000 after acquiring an additional 3,705 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock worth $1,629,000 after acquiring an additional 8,567 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilton Grand Vacations

In related news, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the sale, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. The trade was a 32.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 229,315 shares of company stock valued at $11,738,497. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

HGV has been the topic of a number of research analyst reports. Wall Street Zen upgraded Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. The Goldman Sachs Group upgraded Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price target on the stock in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Barclays lifted their price target 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, Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.89.

Hilton Grand Vacations Price Performance

HGV opened at $52.06 on Thursday. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 0.46 and a beta of 1.50. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $53.82. The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41. The stock has a fifty day moving average price of $47.95 and a 200 day moving average price of $45.66.

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

Hilton Grand Vacations Company 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.