California Public Employees Retirement System Sells 37,805 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

California Public Employees Retirement System decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,598 shares of the company's stock after selling 37,805 shares during the quarter. California Public Employees Retirement System owned 0.10% of Hilton Grand Vacations worth $3,996,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $33,047,000. Franklin Resources Inc. raised its holdings in shares of Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after acquiring an additional 499,067 shares in the last quarter. Barclays PLC raised 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 buying an additional 188,997 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Hilton Grand Vacations in the fourth quarter worth about $6,428,000. Finally, PB Investment Partners L.P. grew its holdings in Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock worth $22,257,000 after purchasing an additional 31,939 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HGV. Truist Financial boosted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley started 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 target on the stock. The Goldman Sachs Group boosted their price target on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a research note on Tuesday, March 4th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Finally, JMP Securities lowered their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hilton Grand Vacations has an average rating of "Hold" and an average target price of $47.25.

Hilton Grand Vacations Price Performance

NYSE HGV traded down $0.94 on Monday, reaching $33.01. 51,954 shares of the stock traded hands, compared to its average volume of 1,006,234. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $45.48. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 37.51, a P/E/G ratio of 2.20 and a beta of 1.68. The firm's fifty day simple moving average is $38.68 and its 200 day simple moving average is $39.23.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

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.