Mutual of America Capital Management LLC sells 3,277 shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Mutual of America Capital Management LLC reduced its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV – Free Report) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,188 shares of the company’s stock after selling 3,277 shares during the period. Mutual of America Capital Management LLC’s holdings in Hilton Grand Vacations were worth $1,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their positions in HGV. Norges Bank purchased a new position in shares of Hilton Grand Vacations in the fourth quarter valued at about $23,383,000. Boulder Hill Capital Management LP purchased a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $1,933,000. GSA Capital Partners LLP bought a new stake in Hilton Grand Vacations in the first quarter valued at $884,000. Vanguard Group Inc. lifted its position in shares of Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares in the last quarter. Finally, Breach Inlet Capital Management LLC bought a new position in shares of Hilton Grand Vacations in the fourth quarter valued at $13,700,000. Institutional investors own 97.23% of the company’s shares.

Changes in Analyst Ratings

A number of brokerages have recently issued reports on HGV. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $35.00 in a report on Friday , August 9. Truist Financial reduced their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Mizuho reduced their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the company from $55.00 to $36.00 in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Hilton Grand Vacations has a consensus rating of “Hold” and a consensus price target of $43.71, based on data from MarketBeat.com.

Check out our latest analysis of HGV

Hilton Grand Vacations stock performance

Shares of NYSE HGV opened at $37.87 on Friday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 2.32 and a beta of 1.83. The stock’s 50-day moving average is $38.30 and its 200-day moving average is $41.19. The company has a current ratio of 4.36, a quick ratio of 2.97, and a debt-to-equity ratio of 3.18. Hilton Grand Vacations Inc. has a 1 year low of $33.13 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV – Get Your Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the company posted EPS of $0.85. Hilton Grand Vacations’ revenue for the quarter was up 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.07 EPS for the current fiscal year.

Hilton Grand Vacations Profile

(Free Report)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages and operates resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through the Real Estate Sales and Financing and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment markets and sells VOIs and supply VOIs through fee-for-service agreements with third-party developers; and provides consumer finance and service loans.

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