Mutual of America Capital Management LLC Decreases Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Mutual of America Capital Management LLC cut its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 11.8% during the third quarter, HoldingsChannel.com reports. The firm owned 34,561 shares of the company’s stock after selling 4,627 shares during the period. Mutual of America Capital Management LLC’s holdings in Hilton Grand Vacations were worth $1,255,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations during the third quarter worth about $25,000. nVerses Capital LLC acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $32,000. Blue Trust Inc. increased its stake in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Hilton Grand Vacations in the second quarter valued at $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Hilton Grand Vacations during the 2nd quarter worth $120,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Hilton Grand Vacations Stock Up 4.9 %

HGV opened at $44.26 on Tuesday. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $49.02. The business has a 50-day moving average of $38.31 and a two-hundred day moving average of $39.29. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 50.30, a price-to-earnings-growth ratio of 2.28 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. On average, research analysts expect that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $35.00 in a report on Friday, August 9th. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Barclays increased their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Truist Financial cut their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations 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.