California Public Employees Retirement System Has $6.45 Million Position in Hilton Grand Vacations Inc. (NYSE:HGV)

California Public Employees Retirement System lowered its stake in Hilton Grand Vacations Inc. (NYSE:HGVGet Rating) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,526 shares of the company’s stock after selling 8,394 shares during the period. California Public Employees Retirement System’s holdings in Hilton Grand Vacations were worth $6,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Hilton Grand Vacations by 327.3% in the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after purchasing an additional 419 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Hilton Grand Vacations during the 1st quarter worth $37,000. Covestor Ltd grew its holdings in Hilton Grand Vacations by 642.2% during the 1st quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $62,000 after acquiring an additional 1,034 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth $122,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in Hilton Grand Vacations during the 1st quarter worth $200,000. Institutional investors and hedge funds own 98.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HGV shares. TheStreet raised shares of Hilton Grand Vacations from a “c+” rating to a “b-” rating in a report on Monday, November 14th. Barclays lowered their target price on shares of Hilton Grand Vacations to $49.00 in a report on Tuesday, November 15th. StockNews.com raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Monday. Finally, Truist Financial reduced their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, November 15th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $64.33.

Hilton Grand Vacations Trading Down 0.6 %

Shares of NYSE HGV opened at $42.07 on Friday. The company’s fifty day moving average is $37.98 and its 200-day moving average is $40.10. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 14.61 and a beta of 1.98. Hilton Grand Vacations Inc. has a twelve month low of $32.12 and a twelve month high of $55.23. The company has a quick ratio of 2.59, a current ratio of 3.61 and a debt-to-equity ratio of 1.75.

Hilton Grand Vacations (NYSE:HGVGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.49. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $906.05 million. Hilton Grand Vacations had a net margin of 9.48% and a return on equity of 17.67%. Equities research analysts predict that Hilton Grand Vacations Inc. will post 3.09 EPS for the current year.

Hilton Grand Vacations Company Profile

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Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

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Institutional Ownership by Quarter for Hilton Grand Vacations (NYSE:HGV)

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