Hilton Grand Vacations (NYSE:HGV) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Other analysts also recently issued research reports about the stock. Barclays increased their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective on the stock. Finally, Truist Financial cut their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.86.

Hilton Grand Vacations Stock Up 1.6 %

HGV opened at $42.40 on Wednesday. The company has a fifty day moving average of $38.84 and a two-hundred day moving average of $39.33. 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 has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 48.18, a PEG ratio of 2.27 and a beta of 1.82.

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 the consensus estimate of $0.70 by ($0.03). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. On average, research analysts expect that Hilton Grand Vacations will post 3.48 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the transaction, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of HGV. FMR LLC boosted its stake in shares of Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the period. Long Pond Capital LP lifted its holdings in Hilton Grand Vacations by 218.0% during the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock worth $48,553,000 after buying an additional 823,228 shares in the last quarter. Millennium Management LLC boosted its position in Hilton Grand Vacations by 44.5% in the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after buying an additional 698,664 shares during the period. Franklin Resources Inc. grew its stake in shares of Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after acquiring an additional 499,067 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Hilton Grand Vacations by 330.8% during the third 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. 97.23% of the stock is owned by institutional investors and hedge funds.

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.