Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) PT at $44.00

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $44.00.

A number of research firms recently commented on HGV. JMP Securities decreased their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 18th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Barclays reissued an “equal weight” rating and set a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Mizuho cut their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, Morgan Stanley assumed coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price on the stock.

Hilton Grand Vacations Price Performance

HGV stock opened at $40.74 on Thursday. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. The stock’s fifty day simple moving average is $40.29 and its 200-day simple moving average is $39.07. 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 stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 46.29, a price-to-earnings-growth ratio of 2.16 and a beta of 1.85.

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). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. Equities research analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current year.

Insider Transactions at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 directly owns 88,532 shares in the company, valued at $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.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations in the third quarter valued at approximately $25,000. Blue Trust Inc. grew its stake in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the period. KBC Group NV increased its holdings in Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after purchasing an additional 889 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Hilton Grand Vacations during the fourth quarter worth about $204,000. Finally, Wittenberg Investment Management Inc. bought a new position in Hilton Grand Vacations during the 3rd quarter worth approximately $345,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.