Hilton Grand Vacations (NYSE:HGV) Reaches New 1-Year High – Here’s What Happened

Hilton Grand Vacations Inc. (NYSE:HGV)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $54.64 and last traded at $54.9620, with a volume of 134053 shares changing hands. The stock had previously closed at $52.34.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HGV shares. Mizuho cut their target price on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Wall Street Zen upgraded Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Morgan Stanley upped their price objective on Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Truist Financial increased their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group upgraded Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a research note on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.89.

Hilton Grand Vacations Stock Down 1.6%

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 firm has a 50 day simple moving average of $48.94 and a two-hundred day simple moving average of $46.11. The stock has a market cap of $4.26 billion, a P/E ratio of 28.77, a P/E/G ratio of 0.49 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. Equities research analysts predict that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current year.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the sale, the insider directly owned 904,241 shares in the company, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carlos Hernandez sold 5,595 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 of the company’s stock, valued at approximately $657,395.20. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 229,315 shares of company stock worth $11,738,497. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Hilton Grand Vacations in the 1st quarter worth $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after acquiring an additional 615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock worth $6,748,000 after purchasing an additional 3,705 shares during the last quarter. Intech Investment Management LLC lifted its stake in Hilton Grand Vacations by 24.5% during the first quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after purchasing an additional 8,567 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

About Hilton Grand Vacations

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.