Arizona State Retirement System Cuts Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Arizona State Retirement System reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,535 shares of the company’s stock after selling 669 shares during the period. Arizona State Retirement System’s holdings in Hilton Grand Vacations were worth $865,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HGV. American Century Companies Inc. lifted its holdings in shares of Hilton Grand Vacations by 4.1% during the 1st quarter. American Century Companies Inc. now owns 52,433 shares of the company’s stock worth $2,727,000 after acquiring an additional 2,064 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Hilton Grand Vacations by 327.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock worth $28,000 after acquiring an additional 419 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Hilton Grand Vacations by 54.6% during the 1st quarter. MetLife Investment Management LLC now owns 45,634 shares of the company’s stock worth $2,373,000 after acquiring an additional 16,123 shares during the period. Rhumbline Advisers lifted its holdings in shares of Hilton Grand Vacations by 4.3% during the 1st quarter. Rhumbline Advisers now owns 92,190 shares of the company’s stock worth $4,795,000 after acquiring an additional 3,840 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in Hilton Grand Vacations by 7.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company’s stock worth $340,000 after purchasing an additional 436 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Grand Vacations

In other news, insider Jorge Pablo Brizi sold 28,000 shares of the firm’s 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 completion of the sale, the insider now owns 51,855 shares of the company’s stock, valued at $2,437,185. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’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 transaction of $1,780,562.26. Following the completion of the sale, the insider now owns 166,997 shares of the company’s stock, valued at $7,711,921.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jorge Pablo Brizi sold 28,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 51,855 shares in the company, valued at $2,437,185. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HGV has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $55.00 target price on shares of Hilton Grand Vacations in a research report on Friday, March 1st. JPMorgan Chase & Co. initiated coverage on shares of Hilton Grand Vacations in a research report on Monday. They set an “overweight” rating and a $59.00 target price for the company. 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. Jefferies Financial Group raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and increased their price objective for the company from $39.00 to $50.00 in a research report on Tuesday, January 2nd. Finally, Barclays increased their price objective on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

Hilton Grand Vacations Stock Down 1.1 %

Shares of NYSE:HGV opened at $43.22 on Wednesday. The company has a quick ratio of 3.10, a current ratio of 4.34 and a debt-to-equity ratio of 2.13. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02. The company has a 50 day moving average of $45.21 and a two-hundred day moving average of $41.00. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.91 and a beta of 1.93.

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, topping analysts’ consensus estimates of $0.97 by $0.04. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $1.01 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Hilton Grand Vacations Inc. will post 4.07 earnings per share for the current fiscal year.

Hilton Grand Vacations 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.