Teacher Retirement System of Texas Cuts Stock Position in Hilton Grand Vacations Inc. $HGV

Teacher Retirement System of Texas cut its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,558 shares of the company’s stock after selling 2,618 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hilton Grand Vacations were worth $937,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Long Pond Capital LP lifted its position in Hilton Grand Vacations by 32.1% in the first quarter. Long Pond Capital LP now owns 1,829,495 shares of the company’s stock valued at $68,441,000 after purchasing an additional 444,240 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Hilton Grand Vacations by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company’s stock valued at $125,737,000 after buying an additional 425,925 shares during the period. Nuveen LLC purchased a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $10,467,000. Breach Inlet Capital Management LLC boosted its stake in shares of Hilton Grand Vacations by 57.3% in the first quarter. Breach Inlet Capital Management LLC now owns 646,656 shares of the company’s stock valued at $24,191,000 after buying an additional 235,602 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Hilton Grand Vacations by 196.5% during the first quarter. Citigroup Inc. now owns 253,874 shares of the company’s stock worth $9,497,000 after acquiring an additional 168,252 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the completion of the transaction, the insider owned 801,681 shares of the company’s stock, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 30,426 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $41.81, for a total value of $1,272,111.06. Following the completion of the transaction, the insider directly owned 60,270 shares of the company’s stock, valued at approximately $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HGV shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Hilton Grand Vacations in a report on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Barclays boosted their price objective on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Truist Financial dropped their target price on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 price target on Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.71.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $39.69 on Friday. The company has a current ratio of 5.02, a quick ratio of 3.12 and a debt-to-equity ratio of 4.67. The company has a market capitalization of $3.40 billion, a P/E ratio of 72.17, a price-to-earnings-growth ratio of 4.09 and a beta of 1.66. The firm has a 50-day moving average price of $44.02 and a two-hundred day moving average price of $42.84. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.41). Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations declared that its board has initiated a share buyback plan on Wednesday, August 13th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.