Hilton Grand Vacations (NYSE:HGV) Reaches New 52-Week High – Here’s What Happened

Hilton Grand Vacations Inc. (NYSE:HGV) shares reached a new 52-week high during trading on Thursday . The company traded as high as $52.85 and last traded at $52.4650, with a volume of 206417 shares changing hands. The stock had previously closed at $51.38.

Wall Street Analyst Weigh In

HGV has been the subject of a number of research analyst reports. Wall Street Zen raised Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Wells Fargo & Company decreased their target price on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings raised Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Zacks Research raised Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Truist Financial upped their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $55.22.

Hilton Grand Vacations Stock Up 2.2%

The business has a 50-day simple moving average of $44.86 and a two-hundred day simple moving average of $44.49. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 0.75 and a beta of 1.49.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. Hilton Grand Vacations’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.03 EPS for the current year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider owned 68,615 shares of the company’s stock, valued at $3,270,190.90. The trade was a 32.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the sale, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. The trade was a 28.44% decrease in their position. The SEC filing for this sale provides additional information. 3.10% of the stock is owned by insiders.

Institutional Trading of Hilton Grand Vacations

Hedge funds have recently modified their holdings of the business. TFJ Management LLC lifted its holdings in shares of Hilton Grand Vacations by 17.1% in the 3rd quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock valued at $11,129,000 after buying an additional 38,780 shares during the period. Iridian Asset Management LLC CT lifted its holdings in shares of Hilton Grand Vacations by 69.7% in the 4th quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock valued at $20,807,000 after buying an additional 190,909 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $6,956,000. WINTON GROUP Ltd acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $4,386,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Hilton Grand Vacations by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company’s stock valued at $9,944,000 after buying an additional 37,907 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.