Hilton Grand Vacations (NYSE:HGV) Now Covered by Morgan Stanley

Morgan Stanley began coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $47.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group raised their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Truist Financial dropped their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, JMP Securities dropped their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Stock Up 1.0 %

Hilton Grand Vacations stock opened at $38.01 on Monday. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $49.02. The firm’s fifty day simple moving average is $40.43 and its 200-day simple moving average is $39.10. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $3.74 billion, a P/E ratio of 43.19, a P/E/G ratio of 2.22 and a beta of 1.86.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. Sell-side analysts forecast that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s 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 completion of the transaction, the insider now owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were 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 of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $25,000. Blue Trust Inc. increased its position in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Hilton Grand Vacations during the second quarter worth approximately $93,000. Ashton Thomas Private Wealth LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at $120,000. Finally, Seven Eight Capital LP acquired a new position in Hilton Grand Vacations in the second quarter valued at about $380,000. 97.23% of the stock is currently 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.