StockNews.com Downgrades Hilton Grand Vacations (NYSE:HGV) to Sell

StockNews.com lowered shares of Hilton Grand Vacations (NYSE:HGV - Free Report) from a hold rating to a sell rating in a report published on Monday.

A number of other equities analysts have also recently commented on the stock. Truist Financial dropped their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Barclays reissued an "equal weight" rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. JMP Securities dropped their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an "overweight" rating and a $47.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations has a consensus rating of "Hold" and a consensus target price of $44.00.

Hilton Grand Vacations Price Performance

NYSE HGV traded up $0.37 on Monday, reaching $42.67. The company had a trading volume of 392,896 shares, compared to its average volume of 732,513. Hilton Grand Vacations has a 12 month low of $33.21 and a 12 month high of $49.02. The stock has a market capitalization of $4.20 billion, a PE ratio of 48.48, a price-to-earnings-growth ratio of 2.24 and a beta of 1.85. The firm's 50 day moving average price is $40.20 and its 200 day moving average price is $39.04. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Insider Activity at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction dated 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 owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now owns 88,532 shares of the company's stock, valued at $3,678,504.60. The trade was 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 company insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Several large investors have recently modified their holdings of HGV. Creative Planning raised its holdings in shares of Hilton Grand Vacations by 17.1% in the 3rd quarter. Creative Planning now owns 15,381 shares of the company's stock valued at $559,000 after purchasing an additional 2,245 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Hilton Grand Vacations by 44.9% in the 3rd 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 in the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of Hilton Grand Vacations by 8.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company's stock valued at $11,320,000 after purchasing an additional 24,053 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at about $25,000. 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.