California Public Employees Retirement System Sells 12,984 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

California Public Employees Retirement System decreased its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,374 shares of the company’s stock after selling 12,984 shares during the period. California Public Employees Retirement System’s holdings in Hilton Grand Vacations were worth $5,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of Hilton Grand Vacations by 123.5% during the 3rd quarter. AQR Capital Management LLC now owns 529,634 shares of the company’s stock worth $21,556,000 after purchasing an additional 292,636 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in shares of Hilton Grand Vacations by 199.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 403,059 shares of the company’s stock valued at $16,404,000 after buying an additional 268,498 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Hilton Grand Vacations in the third quarter worth approximately $9,938,000. 683 Capital Management LLC lifted its stake in shares of Hilton Grand Vacations by 32.5% during the 3rd 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 during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Hilton Grand Vacations during the 3rd quarter valued at $3,800,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insider Activity

In related news, insider Charles R. Jr. Corbin sold 38,557 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was 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 directly owns 166,997 shares in the company, valued at approximately $7,711,921.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Charles R. Jr. Corbin sold 38,557 shares of the business’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 transaction, the insider now owns 166,997 shares in the company, valued at approximately $7,711,921.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jorge Pablo Brizi sold 28,000 shares of the company’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 directly owns 51,855 shares in the company, valued at $2,437,185. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,557 shares of company stock worth $4,142,832. 2.30% of the stock is currently owned by company insiders.

Hilton Grand Vacations Trading Up 0.1 %

NYSE:HGV opened at $43.16 on Friday. The firm has a 50-day simple moving average of $45.10 and a 200-day simple moving average of $41.45. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02. The firm has a market cap of $4.52 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.84 and a beta of 1.94. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. Hilton Grand Vacations’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on HGV shares. JMP Securities reiterated a “market outperform” rating and issued a $55.00 target price on shares of Hilton Grand Vacations in a research note on Friday, March 1st. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They issued an “overweight” rating and a $59.00 price target on the stock. Truist Financial boosted their price objective on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Mizuho assumed coverage on shares of Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a “buy” rating and a $63.00 price target for the company. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

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.