Louisiana State Employees Retirement System Decreases Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Louisiana State Employees Retirement System decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 5.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,400 shares of the company’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Hilton Grand Vacations were worth $784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new stake in shares of Hilton Grand Vacations in the first quarter worth $47,000. Quest Partners LLC acquired a new stake in Hilton Grand Vacations in the 4th quarter valued at $142,000. Benjamin Edwards Inc. increased its holdings in Hilton Grand Vacations by 46.0% in the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after purchasing an additional 1,006 shares in the last quarter. Choreo LLC purchased a new position in Hilton Grand Vacations in the fourth quarter valued at about $201,000. Finally, Waterway Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the first quarter worth about $201,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Up 0.5 %

NYSE:HGV opened at $38.17 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 3.11 and a current ratio of 4.44. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.76 and a beta of 1.83. Hilton Grand Vacations Inc. has a one year low of $33.13 and a one year high of $49.02. The stock has a 50-day simple moving average of $39.61 and a 200 day simple moving average of $42.28.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. Hilton Grand Vacations’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HGV shares. Barclays lowered their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Mizuho dropped their price objective on shares of 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. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Truist Financial lifted their target price on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.43.

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.