State of Alaska Department of Revenue Has $269,000 Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

State of Alaska Department of Revenue decreased its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,425 shares of the company’s stock after selling 460 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hilton Grand Vacations were worth $269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HGV. Long Pond Capital LP raised its stake in shares of Hilton Grand Vacations by 218.0% in the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after purchasing an additional 823,228 shares during the period. Millennium Management LLC grew its holdings in shares of Hilton Grand Vacations by 44.5% in the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hilton Grand Vacations by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after acquiring an additional 162,459 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Hilton Grand Vacations by 63.9% in the 2nd quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock valued at $11,628,000 after acquiring an additional 112,117 shares in the last quarter. Finally, Khrom Capital Management LLC bought a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at about $3,872,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock opened at $42.57 on Friday. Hilton Grand Vacations Inc. has a 12 month low of $33.16 and a 12 month high of $49.02. The stock’s 50 day moving average is $37.23 and its 200-day moving average is $39.42. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 2.14 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.98 EPS. Hilton Grand Vacations’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities research analysts expect that Hilton Grand Vacations Inc. will post 3.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price objective for the company from $55.00 to $35.00 in a report on Friday, August 9th. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Truist Financial reduced their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Barclays lifted their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.29.

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.