Retirement Systems of Alabama Sells 6,799 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Retirement Systems of Alabama trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,677 shares of the company’s stock after selling 6,799 shares during the quarter. Retirement Systems of Alabama owned 0.08% of Hilton Grand Vacations worth $2,821,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after acquiring an additional 917,397 shares during the period. Long Pond Capital LP grew its stake in shares of Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock worth $48,553,000 after purchasing an additional 823,228 shares during the last quarter. Millennium Management LLC increased its holdings in Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after purchasing an additional 698,664 shares during the period. Franklin Resources Inc. raised its position in Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HGV. Barclays reissued an “equal weight” rating and set a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. JMP Securities dropped their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday. Truist Financial cut 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. Finally, The Goldman Sachs Group increased their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.57.

Insider Buying and Selling at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Hilton Grand Vacations Stock Up 1.7 %

Shares of Hilton Grand Vacations stock opened at $39.30 on Friday. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $49.02. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company has a 50-day moving average of $40.09 and a 200 day moving average of $39.23. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.25 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $0.98 EPS. Hilton Grand Vacations’s revenue for the quarter was up 28.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current fiscal year.

About Hilton Grand Vacations

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.