Hilton Grand Vacations (NYSE:HGV) Reaches New 1-Year High - Here's Why

Shares of Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.39 and last traded at $45.23, with a volume of 111349 shares. The stock had previously closed at $44.47.

Analyst Upgrades and Downgrades

HGV has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. Morgan Stanley decreased their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial raised their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group lifted their target price 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, Barclays lowered their price target on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of "Hold" and a consensus target price of $46.00.

Hilton Grand Vacations Price Performance

The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 141.83, a PEG ratio of 4.94 and a beta of 1.63. The company has a current ratio of 3.95, a quick ratio of 2.49 and a debt-to-equity ratio of 4.01. The company's 50 day simple moving average is $39.21 and its 200-day simple moving average is $38.84.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.40). The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.25 billion. Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. On average, equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was 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 in the company, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in shares of Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after purchasing an additional 497 shares during the last quarter. UMB Bank n.a. boosted its holdings in Hilton Grand Vacations by 106.8% in the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after acquiring an additional 550 shares during the last quarter. State of Wyoming acquired a new stake in Hilton Grand Vacations during the 1st quarter worth approximately $48,000. Covestor Ltd lifted its holdings in shares of Hilton Grand Vacations by 432.4% during the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after acquiring an additional 1,042 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Hilton Grand Vacations in the first quarter worth about $73,000. 97.23% of the stock is owned by institutional investors and hedge funds.

About Hilton Grand Vacations

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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