Teacher Retirement System of Texas Acquires Shares of 25,176 Hilton Grand Vacations Inc. (NYSE:HGV)

Teacher Retirement System of Texas purchased a new stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 25,176 shares of the company's stock, valued at approximately $942,000.

A number of other hedge funds have also modified their holdings of HGV. CAS Investment Partners LLC raised its holdings in Hilton Grand Vacations by 2.0% during the 4th quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company's stock worth $252,877,000 after buying an additional 129,333 shares during the period. Franklin Resources Inc. raised its holdings in Hilton Grand Vacations by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock worth $143,031,000 after buying an additional 373,442 shares during the period. Parsifal Capital Management LP raised its holdings in Hilton Grand Vacations by 1.8% during the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock worth $135,385,000 after buying an additional 62,346 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hilton Grand Vacations by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after buying an additional 512,362 shares during the period. Finally, Millennium Management LLC raised its holdings in Hilton Grand Vacations by 27.7% during the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after buying an additional 443,353 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Morgan Stanley dropped their target price on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Mizuho lifted their target price on Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Barclays lowered their price objective on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $46.00.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the sale, the insider directly owned 60,270 shares of the company's stock, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Hilton Grand Vacations Stock Up 0.3%

Shares of NYSE:HGV traded up $0.15 during trading on Friday, reaching $46.29. 610,046 shares of the stock were exchanged, compared to its average volume of 996,358. The company has a debt-to-equity ratio of 4.01, a current ratio of 3.95 and a quick ratio of 2.49. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $49.25. The stock has a fifty day moving average of $41.35 and a two-hundred day moving average of $39.34. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 144.47, a price-to-earnings-growth ratio of 5.41 and a beta of 1.63.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.25 billion. Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

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.