Hilton Grand Vacations (NYSE:HGV) Rating Lowered to Buy at Wall Street Zen

Hilton Grand Vacations (NYSE:HGV) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

HGV has been the subject of several other reports. Zacks Research downgraded shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Wells Fargo & Company reduced their price target on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Truist Financial upped their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group upgraded Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a report on Monday, June 1st. Finally, Morgan Stanley raised their price objective on Hilton Grand Vacations from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $57.22.

Hilton Grand Vacations Stock Performance

HGV stock opened at $49.95 on Friday. Hilton Grand Vacations has a one year low of $36.79 and a one year high of $55.40. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 0.44 and a beta of 1.51. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The firm has a 50-day simple moving average of $50.29 and a two-hundred day simple moving average of $46.91.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. On average, equities analysts forecast that Hilton Grand Vacations will post 5.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the transaction, the insider owned 904,241 shares in the company, valued at approximately $46,957,235.13. This represents a 17.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the transaction, the insider directly owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 229,315 shares of company stock valued at $11,738,497. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently made changes to their positions in HGV. Geode Capital Management LLC lifted its holdings in shares of Hilton Grand Vacations by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock worth $65,919,000 after purchasing an additional 25,020 shares during the period. Tudor Investment Corp ET AL acquired a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $6,956,000. Iridian Asset Management LLC CT increased its holdings in Hilton Grand Vacations by 69.7% in the 4th quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock worth $20,807,000 after buying an additional 190,909 shares during the period. Hudson Bay Capital Management LP purchased a new position in Hilton Grand Vacations during the 3rd quarter worth approximately $2,967,000. Finally, JPMorgan Chase & Co. raised its position in Hilton Grand Vacations by 19.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company’s stock worth $9,944,000 after buying an additional 37,907 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

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.