Hilton Grand Vacations (NYSE:HGV) Upgraded by StockNews.com to “Hold” Rating

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

Several other research firms have also recently issued reports on HGV. Barclays boosted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Mizuho reduced their target price on 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. The Goldman Sachs Group began coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price on the stock. Finally, JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $36.00 in a research note on Friday, August 9th. One research 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.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average price target of $43.86.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $41.74 on Wednesday. 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 fifty-two week low of $33.21 and a fifty-two week high of $49.02. The stock has a 50 day moving average price of $38.65 and a two-hundred day moving average price of $39.31. The company has a market capitalization of $4.11 billion, a P/E ratio of 47.43, a PEG ratio of 2.40 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts expect that Hilton Grand Vacations will post 3.49 earnings per share for the current year.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’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 sale, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The transaction 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 the business’s stock in a transaction 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 sale, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds have recently added to or reduced their stakes in HGV. FMR LLC boosted its holdings in Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after acquiring an additional 917,397 shares in the last quarter. Long Pond Capital LP lifted its holdings in shares of Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after purchasing an additional 823,228 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after purchasing an additional 698,664 shares in the last quarter. Franklin Resources Inc. lifted its holdings 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 in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares in 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.