California Public Employees Retirement System Sells 37,805 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

California Public Employees Retirement System lowered its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,598 shares of the company’s stock after selling 37,805 shares during the period. California Public Employees Retirement System owned 0.10% of Hilton Grand Vacations worth $3,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after buying an additional 188,997 shares during the period. Franklin Resources Inc. raised its stake in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after acquiring an additional 499,067 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Hilton Grand Vacations by 38,000.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company’s stock worth $371,000 after buying an additional 9,500 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Hilton Grand Vacations in the 4th quarter valued at about $204,000. Finally, PB Investment Partners L.P. raised its holdings in Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after acquiring an additional 31,939 shares during the period. 97.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HGV has been the topic of several research reports. Morgan Stanley began coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price on the stock. JMP Securities lowered their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Truist Financial lifted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Mizuho raised their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average target price of $47.25.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $31.69 on Wednesday. The stock has a market cap of $3.00 billion, a PE ratio of 36.01, a P/E/G ratio of 2.20 and a beta of 1.68. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The business’s 50-day moving average price is $39.17 and its two-hundred day moving average price is $39.30. Hilton Grand Vacations Inc. has a 12-month low of $31.19 and a 12-month high of $46.40.

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