Trexquant Investment LP Takes Position in Hilton Grand Vacations Inc. (HGV)
Trexquant Investment LP purchased a new position in Hilton Grand Vacations Inc. (NYSE:HGV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,810 shares of the company’s stock, valued at approximately $390,000.
A number of other institutional investors also recently made changes to their positions in HGV. Nisa Investment Advisors LLC boosted its position in shares of Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after buying an additional 3,500 shares during the period. Cigna Investments Inc. New bought a new position in shares of Hilton Grand Vacations during the second quarter worth approximately $263,000. Seven Bridges Advisors LLC boosted its position in shares of Hilton Grand Vacations by 93.6% in the second quarter. Seven Bridges Advisors LLC now owns 10,574 shares of the company’s stock worth $381,000 after buying an additional 5,113 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Hilton Grand Vacations by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock worth $404,000 after buying an additional 199 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Hilton Grand Vacations during the second quarter worth approximately $625,000. 98.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hilton Grand Vacations Inc. (NYSE:HGV) opened at 35.48 on Wednesday. The stock has a 50 day moving average price of $35.96 and a 200-day moving average price of $33.18. The company has a market capitalization of $3.52 billion and a price-to-earnings ratio of 20.19. Hilton Grand Vacations Inc. has a 12 month low of $24.60 and a 12 month high of $37.94.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. The business had revenue of $439 million during the quarter, compared to analysts’ expectations of $413.33 million. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts expect that Hilton Grand Vacations Inc. will post $1.93 earnings per share for the current fiscal year.
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A number of brokerages have commented on HGV. Instinet reaffirmed a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a research note on Wednesday, August 9th. Nomura lifted their price target on Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, August 8th. Finally, Buckingham Research began coverage on Hilton Grand Vacations in a research note on Monday, June 19th. They issued a “buy” rating and a $42.00 price target on the stock. Nine analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $38.56.
In other news, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total value of $341,610,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company’s stock.
About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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