Mutual of America Capital Management LLC Cuts Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Mutual of America Capital Management LLC trimmed its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,561 shares of the company’s stock after selling 4,627 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hilton Grand Vacations were worth $1,255,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HGV. Victory Capital Management Inc. raised its stake in Hilton Grand Vacations by 16.9% in the third quarter. Victory Capital Management Inc. now owns 17,140 shares of the company’s stock valued at $623,000 after buying an additional 2,477 shares in the last quarter. Barnett & Company Inc. purchased a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at about $1,190,000. State of New Jersey Common Pension Fund D raised its position in shares of Hilton Grand Vacations by 13.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,885 shares of the company’s stock worth $1,884,000 after acquiring an additional 6,245 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth about $576,000. Finally, Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations during the third quarter worth approximately $25,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HGV has been the topic of a number of research analyst reports. 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 report on Friday, August 9th. Barclays lifted their price target on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. Mizuho cut their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, Truist Financial decreased their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.00.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the sale, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $44.26 on Tuesday. The firm has a market cap of $4.36 billion, a P/E ratio of 50.30, a P/E/G ratio of 2.28 and a beta of 1.82. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The business’s 50-day moving average price is $38.31 and its 200 day moving average price is $39.29. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current 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.