Lombard Odier Asset Management USA Corp Makes New Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Lombard Odier Asset Management USA Corp purchased a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 2nd quarter, Holdings Channel reports. The firm purchased 19,436 shares of the company’s stock, valued at approximately $786,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Michigan Retirement System grew its holdings in Hilton Grand Vacations by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 17,500 shares of the company’s stock worth $826,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Hilton Grand Vacations by 4.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company’s stock worth $582,000 after buying an additional 523 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Hilton Grand Vacations by 3.5% during the 1st quarter. ProShare Advisors LLC now owns 17,661 shares of the company’s stock worth $834,000 after buying an additional 596 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $32,000. Finally, Texas Permanent School Fund Corp lifted its position in shares of Hilton Grand Vacations by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 62,374 shares of the company’s stock worth $2,945,000 after buying an additional 945 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 0.4 %

HGV stock opened at $37.16 on Monday. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.83. The company has a fifty day moving average price of $38.66 and a 200 day moving average price of $41.31. Hilton Grand Vacations Inc. has a 12 month low of $33.13 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. Mizuho reduced their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. StockNews.com downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, Barclays reduced their price target on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.71.

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.