Louisiana State Employees Retirement System Takes Position in Hilton Grand Vacations Inc. $HGV

Louisiana State Employees Retirement System acquired a new stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,400 shares of the company’s stock, valued at approximately $681,000.

A number of other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of Hilton Grand Vacations by 5.7% in the 4th quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock worth $199,000 after purchasing an additional 238 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Hilton Grand Vacations by 13.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after purchasing an additional 291 shares during the last quarter. GAMMA Investing LLC lifted its position in Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after purchasing an additional 615 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HGV. Barclays upped their price target on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Truist Financial increased their price target on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Morgan Stanley boosted their price objective on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Citizens Jmp upped their price objective on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.89.

Hilton Grand Vacations Price Performance

Shares of HGV traded up $0.48 during trading hours on Tuesday, reaching $51.82. 9,392 shares of the stock traded hands, compared to its average volume of 931,530. The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41. The company’s 50-day moving average price is $49.67 and its two-hundred day moving average price is $46.58. The company has a market cap of $4.11 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. Hilton Grand Vacations Inc. has a 52-week low of $36.79 and a 52-week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company earned $0.09 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Mark D. Wang sold 190,813 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the transaction, the insider owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the transaction, the insider owned 14,080 shares of the company’s stock, valued at approximately $657,395.20. This represents a 28.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 229,315 shares of company stock worth $11,738,497. Insiders own 3.10% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.