Hilton Grand Vacations (NYSE:HGV) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research note issued to investors on Monday, Marketbeat reports. The brokerage issued an overweight rating and a $47.00 price target on the stock.

Several other brokerages have also recently issued reports on HGV. Barclays restated an “equal weight” rating and issued a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. The Goldman Sachs Group boosted their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Mizuho cut their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, JMP Securities cut their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV opened at $38.33 on Monday. The firm has a 50-day simple moving average of $40.44 and a 200-day simple moving average of $39.09. 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 stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.86. Hilton Grand Vacations has a 52 week low of $33.21 and a 52 week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities analysts predict that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insider Transactions at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after acquiring an additional 499,067 shares during the period. Barclays PLC increased 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 worth $8,941,000 after purchasing an additional 188,997 shares during the period. Weiss Asset Management LP purchased a new stake in Hilton Grand Vacations during the 3rd quarter worth about $745,000. Hotchkis & Wiley Capital Management LLC raised its position in Hilton Grand Vacations by 11.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock valued at $8,802,000 after purchasing an additional 24,330 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in shares of Hilton Grand Vacations by 56.0% in the 3rd quarter. Holocene Advisors LP now owns 116,072 shares of the company’s stock valued at $4,216,000 after buying an additional 41,670 shares during the period. 97.23% of the stock is currently 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.