Arizona State Retirement System Has $865,000 Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

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

A number of other large investors also recently modified their holdings of the business. Wesbanco Bank Inc. acquired a new position in shares of Hilton Grand Vacations in the third quarter valued at $1,021,000. GSA Capital Partners LLP acquired a new position in Hilton Grand Vacations during the third quarter worth $2,220,000. Nordea Investment Management AB raised its stake 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 acquiring an additional 6,223 shares in the last quarter. Savoir Faire Capital Management L.P. acquired a new position in Hilton Grand Vacations during the third quarter worth $1,070,000. Finally, 683 Capital Management LLC raised its stake in Hilton Grand Vacations by 32.5% during the third quarter. 683 Capital Management LLC now owns 550,000 shares of the company’s stock worth $22,385,000 after acquiring an additional 135,000 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $43.22 on Wednesday. The stock’s fifty day moving average is $45.21 and its 200-day moving average is $41.00. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34. The stock has a market capitalization of $4.53 billion, a PE ratio of 15.44, a PEG ratio of 0.91 and a beta of 1.93. 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 announced its earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Equities research analysts expect that Hilton Grand Vacations Inc. will post 4.07 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, insider Jorge Pablo Brizi sold 28,000 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the transaction, the insider now 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 available through this hyperlink. Also, insider Jorge Pablo Brizi sold 28,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $47.00, for a total value of $1,316,000.00. Following the completion of the transaction, the insider now owns 51,855 shares in the company, valued at approximately $2,437,185. The disclosure for this sale can be found here. Insiders have sold a total of 89,557 shares of company stock worth $4,142,832 over the last 90 days. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HGV shares. Barclays increased their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Jefferies Financial Group upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and increased their price objective for the stock from $39.00 to $50.00 in a research note on Tuesday, January 2nd. JMP Securities reiterated a “market outperform” rating and set a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Mizuho began coverage on Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a “buy” rating and a $63.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on Hilton Grand Vacations in a report on Monday. They set an “overweight” rating and a $59.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.50.

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.