Hilton Grand Vacations (NYSE:HGV) Downgraded by TheStreet to “C+”

TheStreet downgraded shares of Hilton Grand Vacations (NYSE:HGVGet Rating) from a b rating to a c+ rating in a research note released on Tuesday morning, TheStreetRatingsTable reports.

Several other equities research analysts have also issued reports on the company. Truist Financial upped their price target on Hilton Grand Vacations from $60.00 to $63.00 and gave the company a buy rating in a research report on Tuesday, March 8th. StockNews.com began coverage on Hilton Grand Vacations in a research report on Thursday, March 31st. They issued a hold rating on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $69.00.

HGV stock opened at $35.97 on Tuesday. The company has a current ratio of 3.85, a quick ratio of 2.74 and a debt-to-equity ratio of 1.99. The firm has a market cap of $4.33 billion, a P/E ratio of 17.63 and a beta of 1.98. Hilton Grand Vacations has a 12-month low of $35.62 and a 12-month high of $56.33. The stock’s 50 day simple moving average is $44.87 and its 200 day simple moving average is $48.35.

Hilton Grand Vacations (NYSE:HGVGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.12). The firm had revenue of $779.00 million for the quarter, compared to analyst estimates of $761.25 million. Hilton Grand Vacations had a net margin of 8.13% and a return on equity of 15.83%. The business’s revenue was up 231.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, research analysts forecast that Hilton Grand Vacations will post 3.11 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. bought a new position in shares of Hilton Grand Vacations in the third quarter worth $1,441,172,000. Capital International Investors grew its stake in shares of Hilton Grand Vacations by 0.3% in the fourth quarter. Capital International Investors now owns 7,909,060 shares of the company’s stock worth $412,141,000 after purchasing an additional 22,835 shares in the last quarter. CAS Investment Partners LLC grew its stake in shares of Hilton Grand Vacations by 28.8% in the fourth quarter. CAS Investment Partners LLC now owns 7,727,165 shares of the company’s stock worth $402,663,000 after purchasing an additional 1,727,165 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Hilton Grand Vacations by 17.3% in the fourth quarter. Alliancebernstein L.P. now owns 5,421,050 shares of the company’s stock worth $282,491,000 after purchasing an additional 797,831 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Hilton Grand Vacations by 120.0% in the first quarter. Invesco Ltd. now owns 2,130,560 shares of the company’s stock worth $110,810,000 after purchasing an additional 1,162,310 shares in the last quarter. 97.12% of the stock is owned by institutional investors.

About Hilton Grand Vacations (Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

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