Lombard Odier Asset Management USA Corp Invests $786,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Lombard Odier Asset Management USA Corp purchased a new position in Hilton Grand Vacations Inc. (NYSE:HGV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,436 shares of the company’s stock, valued at approximately $786,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Magnetar Financial LLC purchased a new position in shares of Hilton Grand Vacations in the second quarter worth about $403,000. Canada Pension Plan Investment Board purchased a new position in Hilton Grand Vacations during the second quarter worth about $93,000. MQS Management LLC raised its stake in Hilton Grand Vacations by 7.4% during the second quarter. MQS Management LLC now owns 16,494 shares of the company’s stock worth $667,000 after purchasing an additional 1,135 shares during the period. Seven Eight Capital LP purchased a new position in Hilton Grand Vacations during the second quarter worth about $380,000. Finally, Dimensional Fund Advisors LP raised its stake in Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after purchasing an additional 162,459 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Trading Down 0.4 %

Shares of HGV stock opened at $37.16 on Monday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The stock has a market capitalization of $3.85 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.83. The company has a 50 day moving average price of $38.66 and a 200 day moving average price of $41.31. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week 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 for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). The business 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 company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Equities research analysts predict that Hilton Grand Vacations Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on HGV. Mizuho reduced their target price on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price on the stock. StockNews.com cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. 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 company’s stock. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus target price 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.