Hilton Grand Vacations Inc. (NYSE:HGV) Given Consensus Recommendation of “Hold” by Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has received an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $44.00.

Several research analysts have recently commented on the stock. Mizuho dropped their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $36.00 in a report on Friday, August 9th. 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. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price for the company.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $41.84 on Friday. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. 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 firm has a market capitalization of $4.12 billion, a PE ratio of 47.55, a P/E/G ratio of 2.37 and a beta of 1.82. The firm has a 50-day moving average price of $37.64 and a 200 day moving average price of $39.41.

Hilton Grand Vacations (NYSE:HGV) last announced 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). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Grand Vacations will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in shares of Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after acquiring an additional 188,997 shares during the period. Weiss Asset Management LP acquired a new position in Hilton Grand Vacations in the 3rd quarter valued at about $745,000. Hotchkis & Wiley Capital Management LLC lifted its position in Hilton Grand Vacations by 11.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock worth $8,802,000 after acquiring an additional 24,330 shares during the last quarter. Holocene Advisors LP grew its position in shares of Hilton Grand Vacations by 56.0% in the third quarter. Holocene Advisors LP now owns 116,072 shares of the company’s stock valued at $4,216,000 after purchasing an additional 41,670 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of Hilton Grand Vacations during the third quarter worth approximately $517,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.