Readystate Asset Management LP Reduces Stake in Hilton Grand Vacations Inc. $HGV

Readystate Asset Management LP reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 56.4% in the third quarter, Holdings Channel reports. The fund owned 19,181 shares of the company’s stock after selling 24,854 shares during the quarter. Readystate Asset Management LP’s holdings in Hilton Grand Vacations were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after buying an additional 520 shares during the last quarter. CWM LLC grew its stake in shares of Hilton Grand Vacations by 69.8% during the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after acquiring an additional 525 shares during the period. State of Wyoming purchased a new stake in Hilton Grand Vacations in the 3rd quarter worth about $56,000. Finally, Raymond James Financial Inc. purchased a new stake in Hilton Grand Vacations in the 2nd quarter worth about $190,000. Institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HGV. Wells Fargo & Company initiated coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price objective on the stock. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Zacks Research upgraded shares of Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $49.00 target price on shares of Hilton Grand Vacations in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $52.88.

Hilton Grand Vacations Trading Up 1.7%

Shares of Hilton Grand Vacations stock opened at $48.60 on Thursday. The company’s 50-day moving average price is $45.86 and its 200-day moving average price is $44.23. The company has a current ratio of 5.02, a quick ratio of 3.12 and a debt-to-equity ratio of 4.67. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 88.37, a PEG ratio of 1.03 and a beta of 1.48.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.