California Public Employees Retirement System Decreases Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

California Public Employees Retirement System lessened its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,374 shares of the company’s stock after selling 12,984 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Hilton Grand Vacations worth $5,640,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wesbanco Bank Inc. purchased a new position in Hilton Grand Vacations in the third quarter worth $1,021,000. GSA Capital Partners LLP bought a new position in Hilton Grand Vacations during the third quarter valued at about $2,220,000. Nordea Investment Management AB increased its holdings in Hilton Grand Vacations by 2.6% during the fourth quarter. Nordea Investment Management AB now owns 249,812 shares of the company’s stock worth $10,012,000 after buying an additional 6,223 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new stake in Hilton Grand Vacations in the third quarter worth about $1,070,000. Finally, 683 Capital Management LLC boosted its stake in Hilton Grand Vacations by 32.5% in the third quarter. 683 Capital Management LLC now owns 550,000 shares of the company’s stock valued at $22,385,000 after acquiring an additional 135,000 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares in the company, valued at $7,711,921.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total value of $1,046,270.00. Following the sale, the insider now owns 140,618 shares in the company, valued at $6,396,712.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the completion of the transaction, the insider now owns 166,997 shares of the company’s stock, valued at $7,711,921.46. The disclosure for this sale can be found here. Insiders sold a total of 89,557 shares of company stock worth $4,142,832 over the last three months. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on HGV. Barclays lifted their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research report on Monday, April 15th. They set an “overweight” rating and a $59.00 price target 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 for the company. JMP Securities restated a “market outperform” rating and issued a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Finally, Truist Financial increased their target price on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.57.

Hilton Grand Vacations Trading Up 0.1 %

Shares of HGV stock opened at $43.16 on Friday. The company has a market capitalization of $4.52 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.94. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02. The business’s fifty day moving average is $45.10 and its 200 day moving average is $41.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34.

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