Louisiana State Employees Retirement System Acquires Shares of 17,400 Hilton Grand Vacations Inc. $HGV

Louisiana State Employees Retirement System bought a new position in Hilton Grand Vacations Inc. (NYSE:HGV) in the 1st quarter, Holdings Channel reports. The firm bought 17,400 shares of the company’s stock, valued at approximately $681,000.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC boosted its position in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after buying an additional 349 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $44,000. Finally, Quarry LP bought a new position in shares of Hilton Grand Vacations during the third quarter valued at approximately $44,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citizens Jmp raised their price target on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Monday, March 9th. Zacks Research downgraded Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Truist Financial increased their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and an average target price of $56.89.

Hilton Grand Vacations Stock Performance

NYSE:HGV traded up $0.48 during trading hours on Tuesday, reaching $51.82. The company had a trading volume of 9,392 shares, compared to its average volume of 931,530. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. Hilton Grand Vacations Inc. has a 1-year low of $36.79 and a 1-year high of $55.40. The business’s 50 day moving average price is $49.67 and its 200-day moving average price is $46.58. The firm has a market cap of $4.11 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $0.09 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. Research analysts forecast that Hilton Grand Vacations Inc. will post 5.11 EPS for the current year.

Insider Activity

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 229,315 shares of company stock worth $11,738,497 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.