Hilton Grand Vacations (NYSE:HGV) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a sell rating to a hold rating in a research note released on Thursday.

Several other brokerages also recently weighed in on HGV. Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research report on Monday, January 6th. They set an “overweight” rating and a $47.00 price target for the company. JMP Securities decreased their price target on 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. Mizuho lowered their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Truist Financial decreased their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, Barclays reaffirmed an “equal weight” rating and set a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four 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 $44.00.

Hilton Grand Vacations Stock Down 2.1 %

NYSE:HGV opened at $41.99 on Thursday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a market cap of $4.14 billion, a P/E ratio of 47.72, a P/E/G ratio of 2.27 and a beta of 1.85. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The firm has a 50-day simple moving average of $40.36 and a two-hundred day simple moving average of $39.07.

Insider Transactions at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value 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. This represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Large investors have recently made changes to their positions in the business. Nantahala Capital Management LLC grew its holdings in Hilton Grand Vacations by 131.8% during the 4th quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company’s stock valued at $67,422,000 after buying an additional 984,166 shares in the last quarter. FMR LLC grew its holdings in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after buying an additional 917,397 shares in the last quarter. Norges Bank purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter worth approximately $33,047,000. GRS Advisors LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $24,414,000. Finally, Dimensional Fund Advisors LP increased its position in Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company’s stock worth $114,329,000 after purchasing an additional 512,362 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.