Hilton Grand Vacations (NYSE:HGV) Shares Down 3.7% Following Analyst Downgrade

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) shares traded down 3.7% on Monday after The Goldman Sachs Group lowered their price target on the stock from $42.00 to $30.00. The Goldman Sachs Group currently has a sell rating on the stock. Hilton Grand Vacations traded as low as $32.74 and last traded at $32.68. 103,743 shares traded hands during trading, a decline of 88% from the average session volume of 859,680 shares. The stock had previously closed at $33.95.

HGV has been the subject of a number of other research reports. Morgan Stanley assumed coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an "overweight" rating and a $47.00 target price for the company. Truist Financial upped their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, March 7th. JMP Securities lowered their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research report on Wednesday, December 18th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, Barclays raised their target price on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.75.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC bought a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at about $73,000. Fifth Third Bancorp grew its stake in Hilton Grand Vacations by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after purchasing an additional 364 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Hilton Grand Vacations by 262.8% in the first quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after buying an additional 36,465 shares during the last quarter. UMB Bank n.a. increased its holdings in Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock worth $40,000 after buying an additional 550 shares during the period. Finally, Rhumbline Advisers raised its position in Hilton Grand Vacations by 1.2% during the 1st quarter. Rhumbline Advisers now owns 213,288 shares of the company's stock worth $7,979,000 after buying an additional 2,438 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.20 and a beta of 1.68. The firm's 50 day simple moving average is $37.83 and its 200 day simple moving average is $39.07. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

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