Louisiana State Employees Retirement System Invests $804,000 in Hilton Grand Vacations Inc. (NYSE:HGV)

Louisiana State Employees Retirement System acquired a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,000 shares of the company’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HGV. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hilton Grand Vacations by 7.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,777 shares of the company’s stock worth $846,000 after purchasing an additional 1,358 shares in the last quarter. Mackenzie Financial Corp lifted its position in Hilton Grand Vacations by 40.2% in the 3rd quarter. Mackenzie Financial Corp now owns 13,109 shares of the company’s stock worth $507,000 after buying an additional 3,762 shares during the last quarter. Fifth Third Bancorp lifted its position in Hilton Grand Vacations by 10.7% in the 3rd quarter. Fifth Third Bancorp now owns 5,041 shares of the company’s stock worth $205,000 after buying an additional 489 shares during the last quarter. Signaturefd LLC lifted its position in Hilton Grand Vacations by 78.6% in the 3rd quarter. Signaturefd LLC now owns 625 shares of the company’s stock worth $25,000 after buying an additional 275 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Hilton Grand Vacations by 0.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 63,786 shares of the company’s stock worth $2,596,000 after buying an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $44.33 on Friday. The stock has a fifty day moving average of $45.35 and a 200 day moving average of $41.27. Hilton Grand Vacations Inc. has a 52 week low of $33.13 and a 52 week high of $49.02. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.87 and a beta of 1.93. 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 (NYSE:HGV) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Hilton Grand Vacations in a research report on Monday, April 15th. They issued an “overweight” rating and a $59.00 target price for the company. Mizuho started coverage on Hilton Grand Vacations in a research report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price for the company. Truist Financial boosted their price objective on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Barclays boosted their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Jefferies Financial Group upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $50.00 in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Grand Vacations presently has an average rating of “Moderate Buy” and an average price target of $58.57.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares of the company’s stock, valued at $6,396,712.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the completion of the transaction, the insider now owns 140,618 shares in the company, valued at $6,396,712.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jorge Pablo Brizi sold 28,000 shares of the 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 completion of the transaction, the insider now owns 51,855 shares of the company’s stock, valued at approximately $2,437,185. The disclosure for this sale can be found here. Insiders sold 89,557 shares of company stock valued at $4,142,832 over the last quarter. 2.30% of the stock is owned by company 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.