Hilton Grand Vacations Inc. (NYSE:HGV) Given Average Rating of “Hold” by Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $44.29.

A number of equities research analysts have recently commented on HGV shares. Barclays reaffirmed an “equal weight” rating and set a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Truist Financial dropped their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Mizuho decreased their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th.

Insiders Place Their Bets

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. This represents a 13.20 % 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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased its holdings 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 valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. Barclays PLC increased its stake in shares of Hilton Grand Vacations by 330.8% in the 3rd 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 last quarter. Weiss Asset Management LP acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth $745,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Hilton Grand Vacations by 11.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock worth $8,802,000 after acquiring an additional 24,330 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of Hilton Grand Vacations by 56.0% during the 3rd quarter. Holocene Advisors LP now owns 116,072 shares of the company’s stock valued at $4,216,000 after acquiring an additional 41,670 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Trading Down 0.3 %

NYSE HGV opened at $40.36 on Wednesday. Hilton Grand Vacations has a 1 year low of $33.21 and a 1 year high of $49.02. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company has a market capitalization of $3.98 billion, a PE ratio of 45.86, a P/E/G ratio of 2.25 and a beta of 1.85. The company has a fifty day moving average of $39.89 and a 200 day moving average of $39.25.

Hilton Grand Vacations (NYSE:HGV) last issued its 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 company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. Research analysts forecast that Hilton Grand Vacations will post 3.43 earnings per share for the current year.

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.