Breach Inlet Capital Management LLC Invests $13.70 Million in Hilton Grand Vacations Inc. (NYSE:HGV)

Breach Inlet Capital Management LLC acquired a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 340,965 shares of the company’s stock, valued at approximately $13,700,000. Hilton Grand Vacations accounts for about 12.4% of Breach Inlet Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Breach Inlet Capital Management LLC owned 0.32% of Hilton Grand Vacations as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Savoir Faire Capital Management L.P. raised its stake in Hilton Grand Vacations by 3.4% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 27,197 shares of the company’s stock worth $1,093,000 after buying an additional 898 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Hilton Grand Vacations by 24.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 5,624 shares of the company’s stock worth $229,000 after acquiring an additional 1,119 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Hilton Grand Vacations by 5.1% during the third quarter. Glenmede Trust Co. NA now owns 23,918 shares of the company’s stock valued at $973,000 after purchasing an additional 1,151 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Hilton Grand Vacations during the 3rd quarter worth about $47,000. Finally, Okabena Investment Services Inc. boosted its position in shares of Hilton Grand Vacations by 3.9% during the 3rd quarter. Okabena Investment Services Inc. now owns 32,027 shares of the company’s stock worth $1,303,000 after purchasing an additional 1,193 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Insider Activity

In related news, insider Jorge Pablo Brizi sold 28,000 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now directly owns 51,855 shares in the company, valued at approximately $2,437,185. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Barclays raised their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Mizuho started coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and set a $55.00 price target on shares of Hilton Grand Vacations in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They issued an “overweight” rating and a $59.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.71.

Hilton Grand Vacations Price Performance

NYSE:HGV traded down $0.28 during midday trading on Tuesday, hitting $40.08. The company had a trading volume of 676,376 shares, compared to its average volume of 728,160. The company has a market capitalization of $4.16 billion, a PE ratio of 18.89, a P/E/G ratio of 1.84 and a beta of 1.89. The company has a quick ratio of 3.11, a current ratio of 4.44 and a debt-to-equity ratio of 3.09. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02. The stock’s fifty day moving average price is $42.92 and its 200-day moving average price is $42.62.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 3.74 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.