Hilton Grand Vacations (NYSE:HGV) Raised to “Hold” at StockNews.com

Hilton Grand Vacations (NYSE:HGV) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms also recently issued reports on HGV. The Goldman Sachs Group started coverage on shares of 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. Truist Financial dropped their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. downgraded 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. Mizuho reduced their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, Barclays raised their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.86.

Hilton Grand Vacations Trading Up 0.2 %

HGV opened at $41.74 on Wednesday. Hilton Grand Vacations has a 52 week low of $33.21 and a 52 week high of $49.02. The company has a market capitalization of $4.11 billion, a P/E ratio of 47.43, a PEG ratio of 2.40 and a beta of 1.82. The stock’s fifty day moving average is $38.74 and its two-hundred day moving average is $39.33. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. Analysts forecast that Hilton Grand Vacations will post 3.49 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, November 25th. The shares were 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 approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after buying an additional 499,067 shares in the last quarter. 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 purchasing an additional 188,997 shares in the last quarter. Weiss Asset Management LP acquired a new position in Hilton Grand Vacations in the 3rd quarter valued at $745,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in Hilton Grand Vacations by 11.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock valued at $8,802,000 after purchasing an additional 24,330 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in Hilton Grand Vacations by 56.0% during the 3rd quarter. Holocene Advisors LP now owns 116,072 shares of the company’s stock worth $4,216,000 after purchasing an additional 41,670 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.