Hilton Grand Vacations (NYSE:HGV) Rating Increased to Hold at Susquehanna

Susquehanna upgraded shares of Hilton Grand Vacations (NYSE:HGV) to a hold rating in a report released on Tuesday,Zacks.com reports.

HGV has been the topic of several other research reports. Morgan Stanley cut their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Truist Financial upped their price target on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Finally, The Goldman Sachs Group dropped their price target on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.89.

Hilton Grand Vacations Stock Down 2.9%

Shares of NYSE HGV opened at $43.61 on Tuesday. Hilton Grand Vacations has a 1 year low of $36.79 and a 1 year high of $55.40. The firm has a 50-day simple moving average of $49.55 and a two-hundred day simple moving average of $47.02. The company has a market cap of $3.39 billion, a P/E ratio of 24.64, a PEG ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, July 30th. The company reported $0.89 EPS 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 business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that Hilton Grand Vacations will post 4.79 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 32,907 shares of the firm’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 sale, the insider owned 68,615 shares in the company, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction 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 completion of the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at $46,957,235.13. The trade was a 17.42% decrease in their position. 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 over the last three months. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $422,842,000. Parsifal Capital Management LP purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at about $108,863,038,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hilton Grand Vacations by 489.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after purchasing an additional 1,314,117 shares during the period. TrinityBridge Ltd purchased a new stake in Hilton Grand Vacations during the 2nd quarter worth about $52,540,000. Finally, Norges Bank acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $32,871,000. 97.23% of the stock is currently 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.