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

StockNews.com upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a sell rating to a hold rating in a research note published on Wednesday.

HGV has been the topic of a number of other reports. Mizuho cut 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. Truist Financial lowered their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective on the stock. Jefferies Financial Group cut shares of 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 research report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their target price for the company from $55.00 to $36.00 in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and a consensus price target of $43.86.

Hilton Grand Vacations Stock Up 1.6 %

Hilton Grand Vacations stock opened at $42.40 on Wednesday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 48.18, a PEG ratio of 2.27 and a beta of 1.82. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a 12 month low of $33.21 and a 12 month high of $49.02. The stock has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $39.33.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Equities analysts predict that Hilton Grand Vacations will post 3.48 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 business’s stock in a transaction dated 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 in the company, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional Trading of Hilton Grand Vacations

Several large investors have recently bought and sold shares of the stock. Reston Wealth Management LLC purchased a new stake in shares of Hilton Grand Vacations during the third quarter valued at $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the 2nd quarter valued at about $32,000. Blue Trust Inc. increased its holdings in shares of Hilton Grand Vacations by 141.7% in the third 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 purchased a new position in shares of Hilton Grand Vacations in the second quarter worth about $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Hilton Grand Vacations during the second quarter worth about $120,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.