New York State Teachers Retirement System Cuts Position in Hilton Grand Vacations Inc. (NYSE:HGV)

New York State Teachers Retirement System decreased its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,800 shares of the company’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System’s holdings in Hilton Grand Vacations were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of HGV. Vanguard Group Inc. boosted its holdings in Hilton Grand Vacations by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after buying an additional 77,934 shares during the period. Khrom Capital Management LLC bought a new stake in Hilton Grand Vacations during the 2nd quarter valued at $3,872,000. Hantz Financial Services Inc. purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at about $2,694,000. Assenagon Asset Management S.A. lifted its holdings in shares of Hilton Grand Vacations by 44.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock valued at $5,386,000 after purchasing an additional 45,978 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of Hilton Grand Vacations by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 62,374 shares of the company’s stock valued at $2,945,000 after acquiring an additional 945 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HGV has been the topic of a number of recent research reports. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Barclays upped their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.29.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $42.57 on Monday. The business’s 50 day moving average is $37.23 and its two-hundred day moving average is $39.42. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 2.27 and a beta of 1.82. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 12-month low of $33.16 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. Research analysts expect that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Hilton Grand Vacations Company 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.