Morgan Stanley Begins Coverage on Hilton Grand Vacations (NYSE:HGV)

Morgan Stanley started coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research note published on Monday morning, MarketBeat reports. The brokerage issued an overweight rating and a $47.00 price objective on the stock.

A number of other research firms have also recently weighed in on HGV. Mizuho cut their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. StockNews.com upgraded 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 upped their price objective on shares of 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 cut 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, November 26th. Finally, JMP Securities reduced their target price 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.00.

Hilton Grand Vacations Stock Down 0.8 %

Hilton Grand Vacations stock opened at $38.33 on Monday. The stock has a market cap of $3.78 billion, a PE ratio of 43.56, a P/E/G ratio of 2.22 and a beta of 1.86. 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 stock’s fifty day moving average is $40.44 and its two-hundred day moving average is $39.09. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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 was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, sell-side analysts expect that Hilton Grand Vacations will post 3.43 EPS for the current fiscal year.

Insider Transactions 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 on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value 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. The trade was a 13.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction 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 transaction, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HGV. Franklin Resources Inc. lifted its position in 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 period. Barclays PLC raised its stake in shares of Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $745,000. Hotchkis & Wiley Capital Management LLC boosted its stake 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 valued at $8,802,000 after buying an additional 24,330 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in 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 acquiring an additional 41,670 shares during the period. 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.