State of New Jersey Common Pension Fund D grew its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 9.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,100 shares of the company’s stock after purchasing an additional 10,000 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.11% of Hilton Grand Vacations worth $4,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. Aperio Group LLC grew its position in shares of Hilton Grand Vacations by 19.4% in the third quarter. Aperio Group LLC now owns 11,882 shares of the company’s stock valued at $459,000 after purchasing an additional 1,930 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Hilton Grand Vacations by 9.6% in the third quarter. Nationwide Fund Advisors now owns 183,400 shares of the company’s stock valued at $7,085,000 after purchasing an additional 16,100 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Hilton Grand Vacations by 15.1% in the second quarter. Public Employees Retirement System of Ohio now owns 27,092 shares of the company’s stock valued at $977,000 after purchasing an additional 3,563 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $268,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $6,422,000. Institutional investors and hedge funds own 97.88% of the company’s stock.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $426.00 million during the quarter, compared to analyst estimates of $435.83 million. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share.
In other Hilton Grand Vacations news, Director David William Johnson purchased 28,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $35.16 per share, for a total transaction of $984,480.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.
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Several research analysts recently weighed in on the company. Zacks Investment Research lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Instinet reiterated a “buy” rating and issued a $45.00 price objective (up from $44.00) on shares of Hilton Grand Vacations in a research report on Wednesday, August 9th. Finally, Nomura increased their price objective on Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.78.
Hilton Grand Vacations Company Profile
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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