Strs Ohio Trims Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Strs Ohio lowered its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 27.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,400 shares of the company’s stock after selling 1,700 shares during the period. Strs Ohio’s holdings in Hilton Grand Vacations were worth $176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HGV. AQR Capital Management LLC increased its stake in shares of Hilton Grand Vacations by 123.5% in the 3rd quarter. AQR Capital Management LLC now owns 529,634 shares of the company’s stock valued at $21,556,000 after purchasing an additional 292,636 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in Hilton Grand Vacations by 199.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 403,059 shares of the company’s stock worth $16,404,000 after buying an additional 268,498 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Hilton Grand Vacations in the 3rd quarter worth about $9,938,000. 683 Capital Management LLC boosted its holdings in Hilton Grand Vacations by 32.5% in the 3rd quarter. 683 Capital Management LLC now owns 550,000 shares of the company’s stock worth $22,385,000 after buying an additional 135,000 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Hilton Grand Vacations in the 3rd quarter worth about $3,800,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

HGV has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a report on Monday, April 15th. They issued an “overweight” rating and a $59.00 price objective on the stock. Mizuho assumed coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 price objective on the stock. JMP Securities restated a “market outperform” rating and set a $55.00 target price on shares of Hilton Grand Vacations in a report on Friday, March 1st. Truist Financial boosted their target price on Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Barclays boosted their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Hilton Grand Vacations Stock Down 4.3 %

HGV stock opened at $41.63 on Wednesday. The firm has a market cap of $4.36 billion, a PE ratio of 14.87, a PEG ratio of 0.87 and a beta of 1.93. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34. The firm’s 50 day moving average price is $45.30 and its 200-day moving average price is $41.38. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 4.35 EPS for the current year.

Insider Activity

In other news, insider Jorge Pablo Brizi sold 28,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the sale, the insider now owns 51,855 shares of the company’s stock, valued at approximately $2,437,185. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total value of $1,316,000.00. Following the sale, the insider now owns 51,855 shares of the company’s stock, valued at $2,437,185. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares in the company, valued at approximately $7,711,921.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is currently owned by company insiders.

About Hilton Grand Vacations

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.