Hilton Grand Vacations Inc. (NYSE:HGV) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have been given an average recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price for the company. Barclays restated an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. 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 report on Tuesday, November 12th. Finally, Truist Financial dropped their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th.

Insider Buying and Selling at Hilton Grand Vacations

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 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 88,532 shares in the company, valued at approximately $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. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Several hedge funds and other institutional investors have recently modified their holdings of HGV. Blue Trust Inc. raised 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 valued at $36,000 after buying an additional 588 shares during the period. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at about $25,000. MQS Management LLC increased its holdings in shares of Hilton Grand Vacations by 7.4% in the 2nd quarter. MQS Management LLC now owns 16,494 shares of the company’s stock valued at $667,000 after purchasing an additional 1,135 shares during the period. Creative Planning lifted its position in shares of Hilton Grand Vacations by 17.1% in the third quarter. Creative Planning now owns 15,381 shares of the company’s stock worth $559,000 after purchasing an additional 2,245 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Grand Vacations during the second quarter worth approximately $93,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 0.9 %

HGV stock opened at $37.99 on Friday. The stock has a market cap of $3.74 billion, a PE ratio of 43.17, a price-to-earnings-growth ratio of 2.22 and a beta of 1.86. The firm’s 50-day simple moving average is $40.49 and its 200 day simple moving average is $39.05. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week 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.

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