Teacher Retirement System of Texas Lowers Stock Holdings in Hilton Grand Vacations Inc. $HGV

Teacher Retirement System of Texas cut its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,558 shares of the company’s stock after selling 2,618 shares during the period. Teacher Retirement System of Texas’ holdings in Hilton Grand Vacations were worth $937,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HGV. Sender Co & Partners Inc. purchased a new stake in shares of Hilton Grand Vacations in the first quarter valued at $488,000. Nuveen LLC acquired a new stake in Hilton Grand Vacations in the 1st quarter worth about $10,467,000. Allspring Global Investments Holdings LLC grew its holdings in Hilton Grand Vacations by 53.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,396 shares of the company’s stock valued at $308,000 after buying an additional 2,938 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Hilton Grand Vacations in the 1st quarter valued at about $223,000. Finally, Invesco Ltd. increased its stake in shares of Hilton Grand Vacations by 1.7% during the 1st quarter. Invesco Ltd. now owns 366,032 shares of the company’s stock valued at $13,693,000 after acquiring an additional 5,960 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insider Activity

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 30,426 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the completion of the sale, the insider owned 60,270 shares of the company’s stock, valued at $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the sale, the insider owned 801,681 shares in the company, valued at $37,951,578.54. This represents a 5.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HGV shares. Truist Financial decreased their target price on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Zacks Research lowered shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Hilton Grand Vacations in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Barclays lifted their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.71.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $39.69 on Friday. The firm’s fifty day simple moving average is $44.02 and its 200 day simple moving average is $42.84. The company has a current ratio of 5.02, a quick ratio of 3.12 and a debt-to-equity ratio of 4.67. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $52.08. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 72.17, a PEG ratio of 4.09 and a beta of 1.66.

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

Hilton Grand Vacations announced that its board has authorized a share buyback plan on Wednesday, August 13th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback 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.