State of New Jersey Common Pension Fund D Decreases Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

State of New Jersey Common Pension Fund D trimmed its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 21.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,640 shares of the company’s stock after selling 12,823 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hilton Grand Vacations were worth $1,845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HGV. Janney Montgomery Scott LLC raised its position in shares of Hilton Grand Vacations by 15.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,807 shares of the company’s stock valued at $474,000 after buying an additional 1,609 shares during the last quarter. Norges Bank acquired a new stake in Hilton Grand Vacations during the fourth quarter worth about $23,383,000. Quest Partners LLC acquired a new stake in Hilton Grand Vacations during the fourth quarter worth about $142,000. Boulder Hill Capital Management LP acquired a new stake in Hilton Grand Vacations during the fourth quarter worth about $1,933,000. Finally, Armistice Capital LLC acquired a new stake in Hilton Grand Vacations during the fourth quarter worth about $1,051,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Up 1.2 %

Shares of Hilton Grand Vacations stock opened at $37.61 on Tuesday. Hilton Grand Vacations Inc. has a 52-week low of $33.13 and a 52-week high of $49.02. The company has a 50 day moving average of $38.55 and a 200 day moving average of $41.26. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $3.90 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.05 and a beta of 1.83.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. Mizuho cut their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. StockNews.com cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Finally, Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.71.

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.