Hilton Grand Vacations (NYSE:HGV) Sets New 52-Week Low at $36.78

Hilton Grand Vacations Inc. (NYSE:HGVGet Rating) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $36.78 and last traded at $37.02, with a volume of 1153 shares changing hands. The stock had previously closed at $37.52.

Several equities analysts have weighed in on HGV shares. StockNews.com started coverage on Hilton Grand Vacations in a report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial lifted their price objective on Hilton Grand Vacations from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, March 8th. Finally, TheStreet raised Hilton Grand Vacations from a “c+” rating to a “b” rating in a research note on Tuesday, March 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations presently has an average rating of “Buy” and a consensus price target of $69.00.

The company has a market capitalization of $4.50 billion, a PE ratio of 18.39 and a beta of 1.98. The business’s fifty day moving average is $45.29 and its two-hundred day moving average is $48.51. The company has a current ratio of 3.85, a quick ratio of 2.74 and a debt-to-equity ratio of 1.99.

Hilton Grand Vacations (NYSE:HGVGet Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.12). The company had revenue of $779.00 million during the quarter, compared to analysts’ expectations of $761.25 million. Hilton Grand Vacations had a return on equity of 15.83% and a net margin of 8.13%. The company’s revenue for the quarter was up 231.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share. As a group, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.11 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in HGV. Apollo Management Holdings L.P. purchased a new position in Hilton Grand Vacations in the third quarter worth $1,441,172,000. CAS Investment Partners LLC grew its position in Hilton Grand Vacations by 28.8% during the fourth quarter. CAS Investment Partners LLC now owns 7,727,165 shares of the company’s stock valued at $402,663,000 after buying an additional 1,727,165 shares during the period. Invesco Ltd. raised its holdings in Hilton Grand Vacations by 120.0% in the 1st 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 during the period. Alliancebernstein L.P. lifted its holdings in Hilton Grand Vacations by 17.3% during the fourth quarter. Alliancebernstein L.P. now owns 5,421,050 shares of the company’s stock valued at $282,491,000 after purchasing an additional 797,831 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Hilton Grand Vacations by 295.9% during the 1st quarter. Wellington Management Group LLP now owns 989,070 shares of the company’s stock worth $51,442,000 after buying an additional 739,255 shares in the last quarter. Institutional investors and hedge funds own 97.12% of the company’s stock.

About Hilton Grand Vacations (NYSE:HGV)

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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