Hilton Grand Vacations Inc. $HGV Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,806 shares of the company’s stock after buying an additional 1,818 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hilton Grand Vacations were worth $2,027,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Covey Capital Advisors LLC boosted its position in Hilton Grand Vacations by 0.8% in the 1st quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company’s stock worth $1,668,000 after purchasing an additional 357 shares in the last quarter. Signaturefd LLC boosted its position in Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company’s stock worth $32,000 after purchasing an additional 497 shares in the last quarter. CWM LLC boosted its position in Hilton Grand Vacations by 69.8% in the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after purchasing an additional 525 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after purchasing an additional 615 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Hilton Grand Vacations in the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insider Activity

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 801,681 shares of the company’s stock, valued at $37,951,578.54. This trade represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays upped their price objective on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Hilton Grand Vacations in a research report on Wednesday, October 8th. Mizuho upped their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Morgan Stanley reiterated an “overweight” rating and set a $48.00 target price on shares of Hilton Grand Vacations in a research report on Wednesday, October 22nd. Finally, Truist Financial decreased their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.71.

Hilton Grand Vacations Trading Down 0.1%

Shares of HGV stock opened at $44.11 on Thursday. The stock’s fifty day moving average is $44.67 and its two-hundred day moving average is $42.58. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The firm has a market capitalization of $3.93 billion, a P/E ratio of 80.21, a PEG ratio of 3.95 and a beta of 1.65. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

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

Hilton Grand Vacations announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are 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.