Shares of Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $49.97 and last traded at $49.88, with a volume of 274697 shares traded. The stock had previously closed at $48.75.
Analyst Ratings Changes
Several equities analysts recently commented on HGV shares. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Barclays dropped their price target on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group upped their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Finally, Mizuho upped their price target on shares of Hilton Grand Vacations from $70.00 to $73.00 and gave the stock an "outperform" rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.38.
View Our Latest Stock Report on Hilton Grand Vacations
Hilton Grand Vacations Trading Up 1.6%
The company has a quick ratio of 2.49, a current ratio of 3.95 and a debt-to-equity ratio of 4.01. The firm's 50 day simple moving average is $42.26 and its 200-day simple moving average is $39.75. The company has a market capitalization of $4.68 billion, a PE ratio of 159.02, a P/E/G ratio of 5.86 and a beta of 1.63.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $0.95 earnings per share. Hilton Grand Vacations's revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.
Insiders Place Their Bets
In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the transaction, the insider directly owned 60,270 shares of the company's stock, valued at $2,337,270.60. This represents a 45.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Hilton Grand Vacations
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in Hilton Grand Vacations by 262.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after acquiring an additional 36,465 shares during the last quarter. Deutsche Bank AG boosted its stake in Hilton Grand Vacations by 17.1% during the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after acquiring an additional 20,398 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock worth $290,000 after buying an additional 361 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Hilton Grand Vacations in the 4th quarter worth about $311,000. Finally, GAMMA Investing LLC lifted its position in shares of Hilton Grand Vacations by 9,418.9% in the 1st quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock worth $6,410,000 after buying an additional 16,954 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.
About Hilton Grand Vacations
(
Get Free Report)
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.
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