Weiss Ratings Reaffirms Hold (C-) Rating for Hilton Grand Vacations (NYSE:HGV)

Hilton Grand Vacations (NYSE:HGV - Get Free Report)'s stock had its "hold (c-)" rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group reissued a "sell" rating and set a $39.00 price target on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Truist Financial dropped their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, August 21st. Mizuho lifted their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Barclays lifted their target price on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.29.

Hilton Grand Vacations Stock Up 0.6%

NYSE:HGV opened at $42.44 on Wednesday. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The stock has a market capitalization of $3.78 billion, a P/E ratio of 77.17, a P/E/G ratio of 3.59 and a beta of 1.65. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The company's 50-day simple moving average is $44.89 and its 200-day simple moving average is $41.68.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has approved a stock buyback program on Wednesday, August 13th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the completion of the sale, the insider owned 801,681 shares of the company's stock, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company's stock.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew 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 valued at $40,000 after buying an additional 550 shares during the period. Assenagon Asset Management S.A. lifted its position 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 worth $1,883,000 after acquiring an additional 36,465 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Hilton Grand Vacations by 8.8% in 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Hilton Grand Vacations in the 1st quarter valued at approximately $73,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Hilton Grand Vacations by 53.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,396 shares of the company's stock valued at $308,000 after purchasing an additional 2,938 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

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.

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