Employees Retirement System of Texas reduced its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 40.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,000 shares of the company’s stock after selling 16,000 shares during the period. Employees Retirement System of Texas’ holdings in Hilton Grand Vacations were worth $865,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Hilton Grand Vacations by 129.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after acquiring an additional 3,500 shares in the last quarter. Pacad Investment Ltd. grew its stake in Hilton Grand Vacations by 6.7% in the 2nd quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock worth $231,000 after acquiring an additional 400 shares in the last quarter. Cigna Investments Inc. New bought a new position in Hilton Grand Vacations in the 2nd quarter worth about $263,000. Quantbot Technologies LP grew its stake in Hilton Grand Vacations by 700.6% in the 2nd quarter. Quantbot Technologies LP now owns 9,111 shares of the company’s stock worth $328,000 after acquiring an additional 7,973 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth about $334,000. Institutional investors and hedge funds own 97.86% of the company’s stock.
In other Hilton Grand Vacations news, Director David William Johnson acquired 28,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $35.16 per share, for a total transaction of $984,480.00. Following the completion of the acquisition, the director now owns 33,000 shares of the company’s stock, valued at approximately $1,160,280. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.
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Hilton Grand Vacations Inc. (NYSE:HGV) opened at 39.78 on Tuesday. Hilton Grand Vacations Inc. has a 1-year low of $24.60 and a 1-year high of $40.11. The company has a market capitalization of $3.94 billion and a P/E ratio of 22.64. The stock’s 50 day moving average is $37.60 and its 200-day moving average is $35.57.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $413.33 million. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Hilton Grand Vacations Inc. will post $1.94 earnings per share for the current fiscal year.
A number of equities analysts have commented on HGV shares. Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Buckingham Research started coverage on shares of Hilton Grand Vacations in a research note on Monday, June 19th. They issued a “buy” rating and a $42.00 target price on the stock. Instinet restated a “buy” rating and issued a $45.00 target price (up from $44.00) on shares of Hilton Grand Vacations in a research note on Thursday, August 3rd. Finally, Nomura upped their target price on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Nine analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $38.78.
About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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