StockNews.com Downgrades Hilton Grand Vacations (NYSE:HGV) to Sell

StockNews.com lowered shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

A number of other equities research analysts have also commented on the stock. Mizuho reduced 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 research note on Tuesday, November 12th. Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective on the stock. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. The Goldman Sachs Group increased their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Finally, JMP Securities dropped their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.00.

Hilton Grand Vacations Trading Down 0.9 %

NYSE:HGV opened at $41.30 on Monday. The firm’s fifty day moving average is $40.20 and its 200-day moving average is $39.01. 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. The firm has a market cap of $4.07 billion, a P/E ratio of 46.93, a P/E/G ratio of 2.24 and a beta of 1.85.

Insiders Place Their Bets

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’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 transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the company’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 transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its stake 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 last quarter. FMR LLC lifted its stake in Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the last quarter. Mudita Advisors LLP lifted its stake in Hilton Grand Vacations by 1.1% in the third quarter. Mudita Advisors LLP now owns 916,765 shares of the company’s stock valued at $33,297,000 after purchasing an additional 9,800 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hilton Grand Vacations by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock valued at $34,746,000 after purchasing an additional 30,019 shares during the last quarter. Finally, PB Investment Partners L.P. lifted its stake in Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after purchasing an additional 31,939 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

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.