Texas Permanent School Fund Corp Purchases 12,045 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Texas Permanent School Fund Corp raised its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 19.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,419 shares of the company’s stock after acquiring an additional 12,045 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of Hilton Grand Vacations worth $3,009,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HGV. nVerses Capital LLC bought a new position in shares of Hilton Grand Vacations during the 2nd quarter worth about $32,000. YHB Investment Advisors Inc. bought a new position in shares of Hilton Grand Vacations during the 1st quarter worth about $47,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Hilton Grand Vacations during the 2nd quarter worth about $120,000. Benjamin Edwards Inc. boosted its position in shares of Hilton Grand Vacations by 46.0% during the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock worth $151,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter worth about $142,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 2.8 %

HGV opened at $36.93 on Monday. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The firm has a market capitalization of $3.75 billion, a PE ratio of 17.42, a P/E/G ratio of 2.05 and a beta of 1.83. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The company’s 50-day moving average is $39.00 and its 200 day moving average is $41.59.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, research analysts predict that Hilton Grand Vacations Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Mizuho lowered their target price on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Truist Financial lowered their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.83.

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.