ExodusPoint Capital Management LP Raises Position in Hilton Grand Vacations Inc. (NYSE:HGV)

ExodusPoint Capital Management LP increased its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 129.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,875 shares of the company’s stock after purchasing an additional 126,166 shares during the period. ExodusPoint Capital Management LP owned approximately 0.23% of Hilton Grand Vacations worth $8,720,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after buying an additional 499,067 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Hilton Grand Vacations by 3.5% in the fourth 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 in the last quarter. AlphaQuest LLC raised its position in Hilton Grand Vacations by 186,169.2% in the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company’s stock worth $943,000 after acquiring an additional 24,202 shares in the last quarter. Independent Family Office LLC acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at $627,000. Finally, Barclays PLC boosted its position in shares of Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after purchasing an additional 188,997 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HGV. The Goldman Sachs Group raised their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, March 4th. Mizuho increased their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Truist Financial boosted 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, March 7th. JMP Securities lowered their price target on 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. Finally, Barclays lifted their price objective on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and an average target price of $47.25.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $33.64 on Friday. Hilton Grand Vacations Inc. has a fifty-two week low of $31.19 and a fifty-two week high of $46.40. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.20 and a beta of 1.68. The stock has a fifty day moving average of $39.75 and a two-hundred day moving average of $39.39. 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 earnings per share 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

About Hilton Grand Vacations

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.