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

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

Several other research firms also recently issued reports on HGV. Morgan Stanley upped their target price on Hilton Grand Vacations from $55.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Truist Financial increased 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. Wells Fargo & Company reduced their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Zacks Research downgraded Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.22.

Hilton Grand Vacations Trading Down 2.8%

NYSE:HGV opened at $49.95 on Friday. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 0.46 and a beta of 1.51. Hilton Grand Vacations has a 52 week low of $36.79 and a 52 week high of $55.40. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The firm has a 50 day moving average of $50.29 and a 200 day moving average of $46.89.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 17.62% and a net margin of 3.16%.The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. As a group, sell-side analysts anticipate that Hilton Grand Vacations will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were 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 in the company, valued at $3,270,190.90. The trade was a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Carlos Hernandez sold 5,595 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the sale, the insider directly owned 14,080 shares in the company, 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. Insiders sold a total of 229,315 shares of company stock valued at $11,738,497 over the last 90 days. Insiders own 3.10% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in Hilton Grand Vacations during the first quarter worth about $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hilton Grand Vacations by 1.5% in 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 boosted its position in Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock worth $6,748,000 after purchasing an additional 3,705 shares in the last quarter. Intech Investment Management LLC boosted its position in Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock worth $1,629,000 after purchasing an additional 8,567 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

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.