Seven Eight Capital LP Invests $380,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Seven Eight Capital LP bought a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,388 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds have also recently made changes to their positions in HGV. Norges Bank purchased a new stake in Hilton Grand Vacations in the 4th quarter valued at about $23,383,000. Boulder Hill Capital Management LP bought a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $1,933,000. GSA Capital Partners LLP purchased a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $884,000. Vanguard Group Inc. boosted its holdings in shares of Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock valued at $356,250,000 after purchasing an additional 77,934 shares during the period. Finally, Breach Inlet Capital Management LLC bought a new position in Hilton Grand Vacations in the fourth quarter worth approximately $13,700,000. 97.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HGV has been the subject of a number of research analyst reports. Barclays decreased their target price on 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. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price on the stock. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Truist Financial lowered their price target 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $43.71.

Hilton Grand Vacations Stock Performance

HGV stock opened at $37.16 on Monday. The firm has a 50-day simple moving average of $38.66 and a two-hundred day simple moving average of $41.31. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.05 and a beta of 1.83.

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