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

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) traded down 3.7% during trading 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 mid-day trading, a decline of 88% from the average session volume of 859,680 shares. The stock had previously closed at $33.95.

Other research analysts also recently issued research reports about the stock. 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. Mizuho upped their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price target on the stock. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Barclays lifted their target price on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.75.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares in the last quarter. Franklin Resources Inc. boosted its position in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after buying an additional 499,067 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Hilton Grand Vacations by 38,000.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company’s stock valued at $371,000 after acquiring an additional 9,500 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at about $204,000. Finally, PB Investment Partners L.P. increased its position in shares of Hilton Grand Vacations by 5.9% during the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after acquiring an additional 31,939 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

The company has a 50 day moving average of $38.33 and a 200 day moving average of $39.15. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.20 and a beta of 1.68.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS 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.