Teacher Retirement System of Texas Takes $942,000 Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Teacher Retirement System of Texas purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 25,176 shares of the company’s stock, valued at approximately $942,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. grew its position in Hilton Grand Vacations by 106.8% during the first quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock worth $40,000 after buying an additional 550 shares in the last quarter. Covestor Ltd grew its position in Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after buying an additional 1,042 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Hilton Grand Vacations during the first quarter worth about $73,000. Fifth Third Bancorp grew its position in Hilton Grand Vacations by 8.8% during the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company’s stock worth $168,000 after buying an additional 364 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Hilton Grand Vacations during the fourth quarter worth about $261,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $49.15 on Tuesday. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $49.20. The firm has a 50 day moving average of $40.75 and a 200-day moving average of $39.16. The company has a current ratio of 3.95, a quick ratio of 2.49 and a debt-to-equity ratio of 4.01. The stock has a market capitalization of $4.51 billion, a P/E ratio of 153.59, a price-to-earnings-growth ratio of 5.56 and a beta of 1.63.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.40). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the transaction, the insider owned 60,270 shares in the company, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. JMP Securities restated a “market outperform” rating and set a $50.00 price target on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Morgan Stanley cut their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a “sell” rating in a research note on Friday, May 2nd. Finally, Mizuho raised their price target on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.00.

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.