Hilton Grand Vacations (NYSE:HGV) Receives “Equal Weight” Rating from Barclays

Barclays reissued their equal weight rating on shares of Hilton Grand Vacations (NYSE:HGV) in a report issued on Friday morning, MarketBeat.com reports. The brokerage currently has a $41.00 target price on the stock, down from their prior target price of $44.00.

A number of other research analysts have also commented on HGV. Mizuho cut their target price 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. Truist Financial dropped their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. The Goldman Sachs Group raised their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Finally, StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and a consensus target price of $44.29.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $40.31 on Friday. The firm’s 50-day moving average is $39.72 and its 200-day moving average is $39.27. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.25 and a beta of 1.85. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company’s revenue was up 28.3% on a year-over-year basis. Equities research analysts anticipate that Hilton Grand Vacations will post 3.43 earnings per share for the current year.

Insider Transactions at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was 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 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 sale was disclosed in a filing with the SEC, 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 transaction of $168,400,000.00. Following the transaction, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This trade 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 insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in shares of Hilton Grand Vacations by 17.8% during 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 lifted its holdings in 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 bought a new position in Hilton Grand Vacations in the 3rd quarter valued at $745,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Hilton Grand Vacations by 11.2% in the 3rd 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 during the period. Finally, Holocene Advisors LP raised its position in shares of 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 last quarter. 97.23% of the stock is owned by institutional investors.

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.