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

Hilton Grand Vacations (NYSE:HGV) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Truist Financial raised their target price 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 raised Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price for the company in a research report on Monday, June 1st. Morgan Stanley raised their target price on Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Barclays raised their target price on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.89.

Hilton Grand Vacations Stock Up 2.4%

HGV opened at $49.92 on Tuesday. Hilton Grand Vacations has a 1-year low of $36.79 and a 1-year high of $53.82. The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 0.43 and a beta of 1.50. The business has a 50 day moving average of $46.87 and a 200-day moving average of $45.31.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business earned $0.09 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Grand Vacations will post 5.11 earnings per share for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the transaction, the insider directly owned 14,080 shares of the company’s stock, valued at approximately $657,395.20. The trade was a 28.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 229,315 shares of company stock valued at $11,738,497. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HGV. AQR Capital Management LLC bought a new position in shares of Hilton Grand Vacations during the first quarter valued at $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hilton Grand Vacations by 1.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after acquiring an additional 615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Hilton Grand Vacations by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after acquiring an additional 3,705 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Hilton Grand Vacations by 24.5% during the first quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after acquiring an additional 8,567 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares during the period. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company Profile

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.