Hilton Grand Vacations (NYSE:HGV) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Hilton Grand Vacations (NYSE:HGV) to a hold rating in a research note published on Monday,Zacks.com reports.

HGV has been the subject of several other reports. Mizuho boosted their target price on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Zacks Research cut shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Morgan Stanley reissued an “overweight” rating and set a $48.00 target price on shares of Hilton Grand Vacations in a research report on Wednesday, October 22nd. Truist Financial reduced their price target on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Thursday, November 13th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.75.

Hilton Grand Vacations Stock Down 0.5%

NYSE HGV traded down $0.19 on Monday, reaching $37.20. The stock had a trading volume of 293,663 shares, compared to its average volume of 1,000,360. The company has a current ratio of 5.02, a quick ratio of 3.12 and a debt-to-equity ratio of 4.67. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08. The business has a 50 day moving average price of $42.58 and a 200 day moving average price of $43.18. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 67.68, a P/E/G ratio of 4.16 and a beta of 1.66.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.41). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.37 billion. Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share. On average, analysts forecast that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total value of $2,194,871.76. Following the sale, the insider owned 801,681 shares in the company, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 30,426 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the transaction, the insider owned 60,270 shares of the company’s stock, valued at approximately $2,519,888.70. The trade was a 33.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

Several hedge funds and other institutional investors have recently bought and sold shares of HGV. Arrowstreet Capital Limited Partnership lifted its stake in shares of Hilton Grand Vacations by 489.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after buying an additional 1,314,117 shares during the period. North Peak Capital Management LLC raised its holdings in Hilton Grand Vacations by 11.3% in the 2nd quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock valued at $282,825,000 after acquiring an additional 693,495 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Hilton Grand Vacations by 142.6% in the 3rd quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after acquiring an additional 684,025 shares during the period. UBS Group AG lifted its position in shares of Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after acquiring an additional 577,772 shares during the period. Finally, Norges Bank acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $23,163,000. 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.