Hilton Grand Vacations (NYSE:HGV) Shares Gap Up to $45.79

Hilton Grand Vacations Inc. (NYSE:HGV)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $45.79, but opened at $47.20. Hilton Grand Vacations shares last traded at $46.24, with a volume of 25,061 shares.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Truist Financial raised their price target on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Jefferies Financial Group raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and raised their target price for the stock from $39.00 to $50.00 in a research report on Tuesday, January 2nd. Finally, Mizuho assumed coverage on shares of Hilton Grand Vacations in a research report on Tuesday. They issued a “buy” rating and a $63.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.29.

Hilton Grand Vacations Price Performance

The company’s fifty day moving average is $44.30 and its 200 day moving average is $40.55. The company has a quick ratio of 3.10, a current ratio of 4.34 and a debt-to-equity ratio of 2.13. The stock has a market cap of $5.00 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.99 and a beta of 1.93.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $1.01 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 38,557 shares of Hilton Grand Vacations stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the sale, the insider now owns 166,997 shares in the company, valued at $7,711,921.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the sale, the insider now owns 140,618 shares in the company, valued at $6,396,712.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the sale, the insider now directly owns 166,997 shares of the company’s stock, valued at approximately $7,711,921.46. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter worth approximately $277,000. Barclays PLC boosted its holdings in Hilton Grand Vacations by 55.0% in the fourth quarter. Barclays PLC now owns 266,371 shares of the company’s stock worth $10,703,000 after purchasing an additional 94,464 shares during the period. Occudo Quantitative Strategies LP acquired a new position in Hilton Grand Vacations in the fourth quarter worth $900,000. Parsifal Capital Management LP boosted its holdings in Hilton Grand Vacations by 6.0% in the fourth quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock worth $160,107,000 after purchasing an additional 225,893 shares during the period. Finally, Fund 1 Investments LLC boosted its holdings in Hilton Grand Vacations by 30.3% in the fourth quarter. Fund 1 Investments LLC now owns 134,490 shares of the company’s stock worth $5,404,000 after purchasing an additional 31,250 shares during the period. Institutional investors and hedge funds 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.