New York State Teachers Retirement System Has $419,000 Stake in Hilton Grand Vacations Inc. $HGV

New York State Teachers Retirement System decreased its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,100 shares of the company’s stock after selling 600 shares during the period. New York State Teachers Retirement System’s holdings in Hilton Grand Vacations were worth $419,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after buying an additional 497 shares during the period. State of Wyoming acquired a new position in Hilton Grand Vacations in the first quarter valued at $48,000. CWM LLC lifted its holdings in Hilton Grand Vacations by 69.8% in the second quarter. CWM LLC now owns 1,277 shares of the company’s stock valued at $53,000 after buying an additional 525 shares during the period. Bayforest Capital Ltd acquired a new position in Hilton Grand Vacations in the first quarter valued at $73,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Hilton Grand Vacations in the first quarter valued at $104,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 5.3%

NYSE:HGV opened at $46.12 on Thursday. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77. The firm has a 50-day moving average of $44.62 and a 200-day moving average of $42.08. The company has a market cap of $4.11 billion, a PE ratio of 83.86, a PEG ratio of 3.91 and a beta of 1.65. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations announced that its board has approved a stock repurchase program on Wednesday, August 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HGV shares. Mizuho lifted their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the company a “buy” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hilton Grand Vacations in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.71.

Insider Activity at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the completion of the sale, the insider directly owned 801,681 shares of the company’s stock, valued at $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by 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.