Hilton Grand Vacations (NYSE:HGV) Raised to “Hold” at Susquehanna

Hilton Grand Vacations (NYSE:HGV) was upgraded by equities researchers at Susquehanna to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on HGV. Truist Financial raised their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a report on Monday, May 18th. Mizuho cut their target price on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Barclays reduced their price target on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Finally, Morgan Stanley lowered their price objective on shares of Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus target price of $54.89.

Hilton Grand Vacations Stock Down 2.9%

Shares of NYSE:HGV opened at $43.61 on Tuesday. The firm has a market capitalization of $3.39 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. Hilton Grand Vacations has a 52-week low of $36.79 and a 52-week high of $55.40. The firm has a fifty day moving average of $49.55 and a 200 day moving average of $47.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that Hilton Grand Vacations will post 4.79 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 20,691 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the transaction, the insider owned 47,924 shares in the company, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 244,411 shares of company stock valued at $12,447,675 in the last three months. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Several large investors have recently modified their holdings of HGV. Geode Capital Management LLC grew its position in shares of Hilton Grand Vacations by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock worth $65,919,000 after buying an additional 25,020 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Hilton Grand Vacations by 93,334.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,389 shares of the company’s stock valued at $2,300,000 after acquiring an additional 51,334 shares in the last quarter. Norges Bank bought a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $32,871,000. SummitTX Capital L.P. purchased a new stake in Hilton Grand Vacations in the first quarter worth $4,249,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Hilton Grand Vacations by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock valued at $151,375,000 after acquiring an additional 60,624 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

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.