Hilton Grand Vacations (NYSE:HGV) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a sell rating in a report released on Monday morning.

A number of other equities research analysts have also recently issued reports on the stock. Barclays reiterated an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Morgan Stanley started 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 objective for the company. Mizuho lowered their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. JMP Securities decreased their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $41.30 on Monday. 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’s 50-day moving average price is $40.20 and its two-hundred day moving average price is $39.01. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. The stock has a market capitalization of $4.07 billion, a P/E ratio of 46.93, a P/E/G ratio of 2.24 and a beta of 1.85.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Trading of Hilton Grand Vacations

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning raised its position in shares of Hilton Grand Vacations by 17.1% in the 3rd quarter. Creative Planning now owns 15,381 shares of the company’s stock valued at $559,000 after buying an additional 2,245 shares in the last quarter. Blue Trust Inc. raised its position in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Hilton Grand Vacations by 44.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock valued at $5,386,000 after purchasing an additional 45,978 shares during the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Hilton Grand Vacations by 8.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company’s stock valued at $11,320,000 after purchasing an additional 24,053 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at approximately $25,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.