Oregon Public Employees Retirement Fund Lowers Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Oregon Public Employees Retirement Fund reduced its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,622 shares of the company’s stock after selling 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Hilton Grand Vacations were worth $492,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares during the period. FMR LLC boosted its stake in shares of Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the period. Mudita Advisors LLP boosted its stake in shares of Hilton Grand Vacations by 1.1% during the third quarter. Mudita Advisors LLP now owns 916,765 shares of the company’s stock valued at $33,297,000 after purchasing an additional 9,800 shares during the period. PB Investment Partners L.P. boosted its stake in shares of Hilton Grand Vacations by 5.9% during the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after purchasing an additional 31,939 shares during the period. Finally, Barclays PLC lifted its stake in Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after acquiring an additional 188,997 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

HGV stock opened at $42.95 on Monday. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $48.65. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 2.20 and a beta of 1.85. The firm has a 50-day simple moving average of $40.59 and a two-hundred day simple moving average of $39.32.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HGV has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday. Mizuho upped their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday. JMP Securities lowered their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 18th. Finally, Truist Financial decreased their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.13.

About Hilton Grand Vacations

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.