Hilton Grand Vacations (NYSE:HGV) Upgraded to Hold at StockNews.com

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

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Mizuho reduced their price objective on 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 started coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. Truist Financial reduced their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.86.

Hilton Grand Vacations Stock Up 0.2 %

NYSE HGV traded up $0.10 during trading on Wednesday, hitting $41.74. The company’s stock had a trading volume of 1,290,826 shares, compared to its average volume of 788,925. 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 cap of $4.11 billion, a PE ratio of 47.43, a P/E/G ratio of 2.40 and a beta of 1.82. The business’s 50 day simple moving average is $38.65 and its 200-day simple moving average is $39.31. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results 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 return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.98 EPS. Hilton Grand Vacations’s revenue was up 28.3% compared to the same quarter last year. On average, equities analysts anticipate that Hilton Grand Vacations will post 3.49 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’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 value of $168,400,000.00. Following the completion of the sale, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors have recently made changes to their positions in HGV. Franklin Resources Inc. boosted its stake 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 worth $117,402,000 after buying an additional 499,067 shares during the last quarter. Barclays PLC boosted its stake in 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 buying an additional 188,997 shares during the last quarter. Weiss Asset Management LP acquired a new position in Hilton Grand Vacations during the third quarter worth $745,000. Hotchkis & Wiley Capital Management LLC boosted its stake in Hilton Grand Vacations by 11.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock worth $8,802,000 after buying an additional 24,330 shares during the last quarter. Finally, Holocene Advisors LP boosted its stake 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 buying an additional 41,670 shares during the last quarter. 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.