Retirement Systems of Alabama Sells 6,799 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Retirement Systems of Alabama decreased its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 8.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,677 shares of the company’s stock after selling 6,799 shares during the quarter. Retirement Systems of Alabama’s holdings in Hilton Grand Vacations were worth $2,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HGV. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations during the 3rd quarter worth $25,000. nVerses Capital LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth $32,000. Blue Trust Inc. lifted its position in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations during the second quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Hilton Grand Vacations in the second quarter worth about $120,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $39.30 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The business has a 50 day simple moving average of $40.09 and a 200-day simple moving average of $39.23. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.25 and a beta of 1.85. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) 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 business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. Equities analysts forecast that Hilton Grand Vacations Inc. will post 3.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HGV. The Goldman Sachs Group boosted their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. JMP Securities dropped their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday. Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.57.

Insider Buying and Selling

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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.