Khrom Capital Management LLC Makes New Investment in Hilton Grand Vacations Inc. (NYSE:HGV)

Khrom Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 95,773 shares of the company’s stock, valued at approximately $3,872,000. Hilton Grand Vacations makes up about 0.7% of Khrom Capital Management LLC’s portfolio, making the stock its 15th largest holding. Khrom Capital Management LLC owned approximately 0.09% of Hilton Grand Vacations as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Hilton Grand Vacations during the fourth quarter valued at approximately $23,383,000. Boulder Hill Capital Management LP purchased a new position in Hilton Grand Vacations during the 4th quarter worth approximately $1,933,000. GSA Capital Partners LLP purchased a new stake in Hilton Grand Vacations in the 1st quarter worth $884,000. Vanguard Group Inc. raised its position in shares of Hilton Grand Vacations by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares during the last quarter. Finally, Breach Inlet Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter worth approximately $13,700,000. Institutional investors own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Barclays decreased their target price on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Mizuho cut their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Truist Financial lowered their price objective on 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 research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.71.

Hilton Grand Vacations Stock Up 1.2 %

Hilton Grand Vacations stock opened at $37.61 on Tuesday. The company has a market capitalization of $3.90 billion, a P/E ratio of 17.74, a PEG ratio of 2.05 and a beta of 1.83. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The stock has a 50-day simple moving average of $38.55 and a 200-day simple moving average of $41.26. 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 (NYSE:HGV) last released its earnings results 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 business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.27 earnings per share for the current 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.