Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 89,261 shares of the company’s stock after selling 1,426 shares during the quarter. Retirement Systems of Alabama’s holdings in Hilton Grand Vacations were worth $3,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HGV. Charles Schwab Investment Management Inc. grew its holdings in shares of Hilton Grand Vacations by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 864,174 shares of the company’s stock valued at $35,172,000 after purchasing an additional 7,295 shares in the last quarter. 683 Capital Management LLC boosted its position in Hilton Grand Vacations by 32.5% in the 3rd quarter. 683 Capital Management LLC now owns 550,000 shares of the company’s stock valued at $22,385,000 after buying an additional 135,000 shares during the period. AQR Capital Management LLC grew its stake in shares of Hilton Grand Vacations by 123.5% in the third quarter. AQR Capital Management LLC now owns 529,634 shares of the company’s stock worth $21,556,000 after acquiring an additional 292,636 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Hilton Grand Vacations by 5.4% during the third quarter. Wellington Management Group LLP now owns 422,513 shares of the company’s stock worth $17,196,000 after acquiring an additional 21,565 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Hilton Grand Vacations by 199.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 403,059 shares of the company’s stock valued at $16,404,000 after acquiring an additional 268,498 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hilton Grand Vacations Trading Up 0.3 %

NYSE:HGV opened at $44.06 on Wednesday. The company has a market capitalization of $4.62 billion, a PE ratio of 15.74, a P/E/G ratio of 0.84 and a beta of 1.94. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02. The stock’s 50 day moving average price is $44.94 and its 200 day moving average price is $41.58. 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 released its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Hilton Grand Vacations Inc. will post 4.35 EPS for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 23,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the transaction, the insider now directly owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the sale, the insider now directly owns 51,855 shares in the company, valued at approximately $2,437,185. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 23,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the transaction, the insider now owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,557 shares of company stock valued at $4,142,832. 2.30% of the stock is owned by corporate insiders.

Hilton Grand Vacations Profile

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.