Hilton Grand Vacations (NYSE:HGV) Raised to Hold at Zacks Research

Hilton Grand Vacations (NYSE:HGV) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on HGV. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price objective on shares of Hilton Grand Vacations in a research report on Wednesday, October 22nd. Wells Fargo & Company began coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 price target on the stock. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Monday. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and an average target price of $52.75.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $44.68 on Monday. The stock’s 50-day simple moving average is $42.21 and its 200-day simple moving average is $43.77. Hilton Grand Vacations has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 81.23, a PEG ratio of 5.02 and a beta of 1.51. The company has a quick ratio of 3.12, a current ratio of 5.02 and a debt-to-equity ratio of 4.67.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.41). Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts expect that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 30,426 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares in the company, valued at $2,519,888.70. The trade was a 33.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Peak Capital Management LLC increased its stake in Hilton Grand Vacations by 11.3% during the second quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after acquiring an additional 693,495 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hilton Grand Vacations by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock worth $283,849,000 after purchasing an additional 464,618 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hilton Grand Vacations by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,770,950 shares of the company’s stock valued at $157,675,000 after purchasing an additional 43,083 shares during the last quarter. Mudita Advisors LLP raised its holdings in Hilton Grand Vacations by 8.8% during the 3rd quarter. Mudita Advisors LLP now owns 2,333,146 shares of the company’s stock valued at $97,549,000 after buying an additional 189,286 shares during the period. Finally, UBS Group AG lifted its position in Hilton Grand Vacations by 34.4% in the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after buying an additional 577,772 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.