Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,700 shares of the company’s stock after selling 1,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Hilton Grand Vacations were worth $643,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Long Pond Capital LP boosted its position in Hilton Grand Vacations by 218.0% during 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 in the last quarter. Millennium Management LLC boosted its position in Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after purchasing an additional 698,664 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after purchasing an additional 162,459 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in Hilton Grand Vacations by 63.9% during the second quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock worth $11,628,000 after purchasing an additional 112,117 shares in the last quarter. Finally, Khrom Capital Management LLC purchased a new stake in Hilton Grand Vacations during the second quarter worth $3,872,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HGV shares. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays cut their price target on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, August 9th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Mizuho cut their price target on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.71.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV opened at $37.64 on Wednesday. The firm has a market capitalization of $3.82 billion, a PE ratio of 26.32, a P/E/G ratio of 2.00 and a beta of 1.82. 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 business has a 50-day moving average of $37.03 and a two-hundred day moving average of $39.44. Hilton Grand Vacations Inc. has a 12 month low of $33.13 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, research analysts forecast that Hilton Grand Vacations Inc. will post 3.55 earnings per share for the current 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.