Hilton Grand Vacations (NYSE:HGV) Upgraded 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 released on Wednesday morning.

A number of other brokerages have also recently weighed in on HGV. Barclays lifted their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Mizuho reduced their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Finally, Truist Financial decreased their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.86.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $42.39 on Wednesday. The company has a 50-day moving average price of $38.84 and a two-hundred day moving average price of $39.31. Hilton Grand Vacations has a 52 week low of $33.21 and a 52 week high of $49.02. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 48.17, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts forecast that Hilton Grand Vacations will post 3.48 EPS for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction, the insider now directly owns 88,532 shares in the company, valued at approximately $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 owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Several large investors have recently added to or reduced their stakes in HGV. Franklin Resources Inc. raised its position in Hilton Grand Vacations by 17.8% during the third 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 during the period. Barclays PLC grew its stake in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after acquiring an additional 188,997 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at about $745,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Hilton Grand Vacations by 11.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock worth $8,802,000 after purchasing an additional 24,330 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of Hilton Grand Vacations by 56.0% during the third 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 period. 97.23% of the stock is owned by institutional investors and hedge funds.

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.