Hilton Grand Vacations Inc. (NYSE:HGV) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $46.00.

Several equities research analysts recently weighed in on HGV shares. Barclays reduced their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Mizuho boosted their price target on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group boosted their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a “sell” rating in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st.

Insiders Place Their Bets

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the transaction, the insider now directly owns 60,270 shares of the company’s stock, valued at $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank increased its stake in Hilton Grand Vacations by 0.9% during the 4th quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock worth $1,125,000 after purchasing an additional 263 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hilton Grand Vacations by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock worth $34,746,000 after purchasing an additional 30,019 shares in the last quarter. Victory Capital Management Inc. increased its stake in Hilton Grand Vacations by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 26,938 shares of the company’s stock worth $1,049,000 after purchasing an additional 9,798 shares in the last quarter. Aigen Investment Management LP bought a new stake in Hilton Grand Vacations during the 4th quarter worth approximately $200,000. Finally, Inceptionr LLC acquired a new position in Hilton Grand Vacations during the 4th quarter worth approximately $266,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $41.67 on Friday. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $44.99. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 130.21, a price-to-earnings-growth ratio of 4.78 and a beta of 1.63. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.49 and a current ratio of 3.95. The firm has a fifty day moving average of $38.62 and a 200-day moving average of $38.77.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a return on equity of 9.93% and a net margin of 0.68%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. As a group, equities analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.