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

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

A number of other equities research analysts also recently commented on HGV. Mizuho reduced their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Barclays boosted their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $36.00 in a report on Friday, August 9th. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the company from $55.00 to $35.00 in a report on Friday, August 9th. Finally, Truist Financial cut their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.86.

Hilton Grand Vacations Trading Up 0.2 %

NYSE:HGV traded up $0.10 on Wednesday, reaching $41.74. The company’s stock had a trading volume of 1,290,826 shares, compared to its average volume of 788,925. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.82. The stock has a 50 day moving average price of $38.65 and a 200 day moving average price of $39.31.

Hilton Grand Vacations (NYSE:HGV) last posted 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. Hilton Grand Vacations’s revenue for the quarter 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.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 88,532 shares in the company, valued at $3,678,504.60. This represents a 35.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was 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. This represents a 13.20 % decrease in their ownership of the stock. 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 and hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the 3rd quarter worth about $25,000. nVerses Capital LLC acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at about $32,000. Blue Trust Inc. boosted its position in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at about $120,000. 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.