Hilton Grand Vacations (NYSE:HGV) Hits New 1-Year Low - Here's What Happened

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $31.65 and last traded at $32.57, with a volume of 77443 shares traded. The stock had previously closed at $34.48.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HGV shares. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial raised their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Mizuho upped their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Barclays increased their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They set an "overweight" rating and a $47.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $47.25.

Hilton Grand Vacations Trading Up 9.1 %

The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The business's fifty day moving average is $39.17 and its 200 day moving average is $39.30. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.40). The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of large investors have recently modified their holdings of HGV. Amalgamated Bank raised its holdings in Hilton Grand Vacations by 0.9% during the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company's stock worth $1,125,000 after acquiring an additional 263 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hilton Grand Vacations by 0.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock valued at $1,585,000 after purchasing an additional 303 shares during the period. Bank of Montreal Can lifted its stake in Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after purchasing an additional 361 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Hilton Grand Vacations by 7.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company's stock worth $512,000 after purchasing an additional 869 shares during the period. Finally, KBC Group NV increased its position in Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after buying an additional 889 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.