Hilton Grand Vacations (NYSE:HGV) Stock Price Down 4.3%

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) fell 4.3% during mid-day trading on Monday . The stock traded as low as $36.40 and last traded at $36.40. 241,678 shares traded hands during trading, a decline of 68% from the average session volume of 765,644 shares. The stock had previously closed at $38.05.

Analyst Ratings Changes

Several brokerages have recently issued reports on HGV. The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. Barclays cut their price target on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. cut shares of 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 research note on Friday, August 9th. Truist Financial cut 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 research note on Thursday, September 5th. Finally, Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $43.71.

Hilton Grand Vacations Price Performance

The company has a market capitalization of $3.76 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.83. The company’s 50-day moving average price is $38.09 and its two-hundred day moving average price is $41.04. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business posted $0.85 earnings per share. Hilton Grand Vacations’s revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.07 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Hilton Grand Vacations in the 2nd quarter valued at about $32,000. YHB Investment Advisors Inc. bought a new position in Hilton Grand Vacations in the 1st quarter valued at about $47,000. Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $93,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $120,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of Hilton Grand Vacations by 46.0% in the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after purchasing an additional 1,006 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

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.