Hudson Bay Capital Management LP Invests $2.97 Million in Hilton Grand Vacations Inc. $HGV

Hudson Bay Capital Management LP purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the third quarter, according to its most recent filing with the SEC. The firm purchased 70,952 shares of the company’s stock, valued at approximately $2,967,000. Hudson Bay Capital Management LP owned 0.08% of Hilton Grand Vacations at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Peak Capital Management LLC increased its stake in Hilton Grand Vacations by 11.3% in the second quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock valued at $282,825,000 after purchasing an additional 693,495 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hilton Grand Vacations by 7.3% during the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock worth $283,849,000 after purchasing an additional 464,618 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hilton Grand Vacations by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,770,950 shares of the company’s stock worth $157,675,000 after purchasing an additional 43,083 shares in the last quarter. Mudita Advisors LLP grew its holdings in shares of Hilton Grand Vacations by 8.8% in the 3rd quarter. Mudita Advisors LLP now owns 2,333,146 shares of the company’s stock valued at $97,549,000 after buying an additional 189,286 shares during the period. Finally, UBS Group AG increased its position in shares of Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after buying an additional 577,772 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $40.21 on Friday. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 0.55 and a beta of 1.43. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $52.08. The firm has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $44.05. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.17). Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on HGV shares. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Citizens Jmp increased their price target on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, March 9th. Barclays dropped their price target on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Mizuho lowered their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and a consensus target price of $52.33.

Hilton Grand Vacations 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.