Hilton Grand Vacations Inc. (NYSE:HGV) Stock Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 40.8% during the 4th quarter, HoldingsChannel reports. The firm owned 23,066 shares of the company’s stock after selling 15,876 shares during the quarter. New York State Common Retirement Fund’s holdings in Hilton Grand Vacations were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Creative Planning increased its stake in Hilton Grand Vacations by 17.1% during the 3rd quarter. Creative Planning now owns 15,381 shares of the company’s stock valued at $559,000 after buying an additional 2,245 shares during the period. Olympiad Research LP acquired a new position in Hilton Grand Vacations during the 3rd quarter valued at about $576,000. State of New Jersey Common Pension Fund D increased its stake in Hilton Grand Vacations by 13.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,885 shares of the company’s stock valued at $1,884,000 after buying an additional 6,245 shares during the period. Barnett & Company Inc. acquired a new position in Hilton Grand Vacations during the 3rd quarter valued at about $1,190,000. Finally, Victory Capital Management Inc. increased its stake in Hilton Grand Vacations by 16.9% during the 3rd quarter. Victory Capital Management Inc. now owns 17,140 shares of the company’s stock valued at $623,000 after buying an additional 2,477 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HGV. Truist Financial lowered their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday. JMP Securities lowered their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley began coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and an average target price of $45.13.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $42.45 on Tuesday. The firm’s 50 day moving average is $40.65 and its 200-day moving average is $39.37. The stock has a market capitalization of $4.18 billion, a P/E ratio of 48.24, a P/E/G ratio of 2.20 and a beta of 1.85. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $47.81.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

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.