Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 8.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,700 shares of the company’s stock after selling 1,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Hilton Grand Vacations were worth $643,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in Hilton Grand Vacations during the 1st quarter valued at approximately $884,000. Vanguard Group Inc. lifted its holdings in shares of Hilton Grand Vacations by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares during the last quarter. Khrom Capital Management LLC bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $3,872,000. Hantz Financial Services Inc. bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $2,694,000. Finally, Assenagon Asset Management S.A. raised its stake in Hilton Grand Vacations by 44.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock valued at $5,386,000 after acquiring an additional 45,978 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $37.64 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.00 and a beta of 1.82. The stock’s fifty day simple moving average is $37.03 and its 200 day simple moving average is $39.44. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HGV. Truist Financial cut their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Mizuho cut their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. The Goldman Sachs Group began coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price on the stock. Barclays cut their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average price target of $43.71.

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.