Readystate Asset Management LP Has $802,000 Stock Holdings in Hilton Grand Vacations Inc. $HGV

Readystate Asset Management LP trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 56.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,181 shares of the company’s stock after selling 24,854 shares during the period. Readystate Asset Management LP’s holdings in Hilton Grand Vacations were worth $802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HGV. EverSource Wealth Advisors LLC increased its holdings in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Hilton Grand Vacations by 136.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 520 shares during the period. CWM LLC increased its stake in Hilton Grand Vacations by 69.8% during the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock valued at $53,000 after purchasing an additional 525 shares in the last quarter. State of Wyoming acquired a new position in Hilton Grand Vacations during the third quarter worth $56,000. Finally, Raymond James Financial Inc. bought a new position in shares of Hilton Grand Vacations in the second quarter valued at $190,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

HGV stock opened at $48.60 on Thursday. The company has a quick ratio of 3.12, a current ratio of 5.02 and a debt-to-equity ratio of 4.67. The firm has a market cap of $4.16 billion, a PE ratio of 88.37, a P/E/G ratio of 1.03 and a beta of 1.48. The business has a 50 day moving average of $45.86 and a 200-day moving average of $44.23. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HGV shares. Morgan Stanley reissued an “equal weight” rating and set a $49.00 target price on shares of Hilton Grand Vacations in a research report on Friday, January 16th. Zacks Research raised Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Truist Financial dropped their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Wells Fargo & Company initiated coverage on Hilton Grand Vacations in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $52.88.

About Hilton Grand Vacations

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.