Hilton Grand Vacations (NYSE:HGV) Given Equal Weight Rating at Barclays

Barclays reissued their equal weight rating on shares of Hilton Grand Vacations (NYSE:HGV - Free Report) in a report released on Friday morning, MarketBeat Ratings reports. The firm currently has a $41.00 price target on the stock, down from their prior price target of $44.00.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a report on Tuesday. Truist Financial dropped their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Mizuho lowered their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of "Hold" and an average price target of $44.29.

Hilton Grand Vacations Price Performance

HGV stock traded down $0.25 during trading on Friday, hitting $40.31. The company had a trading volume of 718,031 shares, compared to its average volume of 792,033. The company has a fifty day moving average price of $39.65 and a two-hundred day moving average price of $39.30. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The company has a market cap of $3.97 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.25 and a beta of 1.85. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The firm's revenue for the quarter was up 28.3% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insider Transactions at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the sale, the insider now directly owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now directly owns 88,532 shares of the company's stock, valued at $3,678,504.60. This represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Khrom Capital Management LLC bought a new position in Hilton Grand Vacations during the second quarter worth about $3,872,000. Barnett & Company Inc. acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $1,190,000. Hantz Financial Services Inc. bought a new position in Hilton Grand Vacations during the 2nd quarter worth approximately $2,694,000. Covey Capital Advisors LLC boosted its stake in Hilton Grand Vacations by 368.8% during the 3rd quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company's stock worth $1,785,000 after acquiring an additional 38,664 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Hilton Grand Vacations by 44.9% during the third quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company's stock valued at $5,386,000 after purchasing an additional 45,978 shares during the period. Institutional investors own 97.23% of the company's stock.

About Hilton Grand Vacations

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.