Mutual of America Capital Management LLC Has $1.19 Million Holdings in Hilton Grand Vacations Inc. $HGV

Mutual of America Capital Management LLC lessened its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 10.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,720 shares of the company’s stock after selling 3,214 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hilton Grand Vacations were worth $1,193,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. PB Investment Partners L.P. raised its stake in Hilton Grand Vacations by 6.7% during the second quarter. PB Investment Partners L.P. now owns 610,098 shares of the company’s stock worth $25,337,000 after acquiring an additional 38,540 shares in the last quarter. CWM LLC raised its stake in Hilton Grand Vacations by 69.8% during the second quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after acquiring an additional 525 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Hilton Grand Vacations by 94.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,513 shares of the company’s stock worth $520,000 after acquiring an additional 6,082 shares in the last quarter. Voya Investment Management LLC raised its stake in Hilton Grand Vacations by 24.1% during the first quarter. Voya Investment Management LLC now owns 79,487 shares of the company’s stock worth $2,974,000 after acquiring an additional 15,417 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Hilton Grand Vacations by 1.2% during the first quarter. Rhumbline Advisers now owns 213,288 shares of the company’s stock worth $7,979,000 after acquiring an additional 2,438 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark D. Wang sold 46,364 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the sale, the insider directly owned 801,681 shares in the company, valued at $37,951,578.54. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on HGV. Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Monday, August 4th. Barclays boosted their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Mizuho upped their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus target price of $54.71.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $45.24 on Monday. The business has a 50 day moving average of $44.63 and a 200-day moving average of $42.37. Hilton Grand Vacations Inc. has a 1 year low of $30.59 and a 1 year high of $52.08. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77. The company has a market capitalization of $4.03 billion, a P/E ratio of 82.25, a P/E/G ratio of 4.05 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $0.62 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.