Hilton Grand Vacations (NYSE:HGV) Coverage Initiated by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley started coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $47.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 24.83% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Mizuho dropped their target price 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, November 12th. Finally, JMP Securities cut their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Trading Down 1.8 %

HGV stock opened at $37.65 on Monday. The firm has a fifty day moving average price of $40.44 and a 200 day moving average price of $39.12. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The firm has a market cap of $3.71 billion, a PE ratio of 42.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.86. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 28.3% on a year-over-year basis. Sell-side analysts anticipate that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations in the third quarter valued at about $25,000. Blue Trust Inc. lifted its stake in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $93,000. Ashton Thomas Private Wealth LLC acquired a new position in Hilton Grand Vacations during the second quarter valued at $120,000. Finally, Wittenberg Investment Management Inc. purchased a new stake in Hilton Grand Vacations in the third quarter valued at $345,000. Hedge funds and other institutional investors 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.