Hilton Grand Vacations (NYSE:HGV) Upgraded to “Hold” 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 morning.

Several other equities research analysts have also weighed in on HGV. Mizuho decreased their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Barclays lifted their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $55.00 to $35.00 in a report on Friday, August 9th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Finally, Truist Financial decreased their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and an average price target of $43.86.

Hilton Grand Vacations Trading Up 0.2 %

Shares of Hilton Grand Vacations stock opened at $41.74 on Wednesday. Hilton Grand Vacations has a 1 year low of $33.21 and a 1 year high of $49.02. The firm has a market cap of $4.11 billion, a PE ratio of 47.43, a P/E/G ratio of 2.40 and a beta of 1.82. The stock has a fifty day moving average price of $38.65 and a 200-day moving average price of $39.31. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV) last announced its 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 business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities research analysts anticipate that Hilton Grand Vacations will post 3.49 EPS for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations 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 completion of the sale, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction dated 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 of the company’s stock, 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. Insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

Large investors have recently modified their holdings of the business. Khrom Capital Management LLC bought a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $3,872,000. Barnett & Company Inc. bought a new stake in Hilton Grand Vacations in the 3rd quarter worth approximately $1,190,000. Hantz Financial Services Inc. bought a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $2,694,000. Assenagon Asset Management S.A. lifted its position in Hilton Grand Vacations by 44.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock worth $5,386,000 after buying an additional 45,978 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $786,000. Institutional investors 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.