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

Hilton Grand Vacations (NYSE:HGV) was upgraded by analysts at Susquehanna to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on HGV. Mizuho reduced their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group lowered their target price on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Barclays dropped their price target on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Truist Financial increased their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $54.89.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $43.61 on Tuesday. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 0.44 and a beta of 1.53. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. Hilton Grand Vacations has a 52 week low of $36.79 and a 52 week high of $55.40. The firm’s 50-day simple moving average is $49.55 and its two-hundred day simple moving average is $47.02.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share 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 company 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 earned $0.54 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that Hilton Grand Vacations will post 4.79 earnings per share for the current year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 20,691 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the sale, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction that occurred 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 owned 904,241 shares of the company’s stock, valued at $46,957,235.13. This trade represents a 17.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 244,411 shares of company stock worth $12,447,675. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new position in Hilton Grand Vacations during the first quarter worth about $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hilton Grand Vacations by 1.5% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 valued at $6,748,000 after acquiring an additional 3,705 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Hilton Grand Vacations by 24.5% during the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after acquiring an additional 8,567 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position 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 valued at $27,000 after acquiring an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.