Morgan Stanley Begins Coverage on Hilton Grand Vacations (NYSE:HGV)

Equities research analysts at Morgan Stanley began coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a report issued on Monday, Marketbeat reports. The brokerage set an “overweight” rating and a $47.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 21.76% from the stock’s current price.

A number of other equities analysts have also recently issued reports on HGV. Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Mizuho cut their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Finally, JMP Securities cut their price target on 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV opened at $38.60 on Monday. Hilton Grand Vacations has a 1 year low of $33.21 and a 1 year high of $49.02. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.86. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company’s 50 day simple moving average is $40.43 and its 200 day simple moving average is $39.10.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Hilton Grand Vacations’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. As a group, research analysts predict that Hilton Grand Vacations will post 3.43 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction 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 owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction on 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 directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors have recently added to or reduced their stakes in the business. Reston Wealth Management LLC bought a new stake in Hilton Grand Vacations in the 3rd quarter valued at about $25,000. Blue Trust Inc. increased its holdings in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $93,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Hilton Grand Vacations during the second quarter worth approximately $120,000. Finally, Seven Eight Capital LP bought a new position in shares of Hilton Grand Vacations in the 2nd quarter worth $380,000. 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.