Hilton Grand Vacations Inc. (NYSE:HGV) Receives Average Recommendation of “Hold” from Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $44.00.

A number of analysts have recently issued reports on HGV shares. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 target price for the company. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial decreased their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Finally, JMP Securities decreased their price objective on 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.

Insider Activity at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction that occurred 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 transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the company’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 owns 88,532 shares of the company’s stock, valued at $3,678,504.60. The trade was a 35.81 % 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 Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares in the last quarter. FMR LLC grew its holdings in shares of Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after purchasing an additional 917,397 shares during the last quarter. Mudita Advisors LLP increased its stake in shares of 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 buying an additional 9,800 shares during the period. PB Investment Partners L.P. raised its holdings in Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after buying an additional 31,939 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in Hilton Grand Vacations by 8.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company’s stock worth $11,320,000 after buying an additional 24,053 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV opened at $41.16 on Thursday. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $49.02. The company has a market cap of $4.05 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 2.16 and a beta of 1.85. The business’s 50 day moving average price is $40.21 and its two-hundred day moving average price is $39.03. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.98 EPS. The firm’s revenue was up 28.3% on a year-over-year basis. On average, analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current year.

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.