JMP Securities Lowers Hilton Grand Vacations (NYSE:HGV) Price Target to $50.00

Hilton Grand Vacations (NYSE:HGV) had its target price reduced by JMP Securities from $55.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price target would suggest a potential upside of 29.37% from the stock’s current price.

HGV has been the subject of a number of other reports. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays restated an “equal weight” rating and issued a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Truist Financial lowered their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Finally, Mizuho lowered their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus price target of $43.57.

Hilton Grand Vacations Stock Up 1.8 %

HGV opened at $38.65 on Wednesday. The company has a market capitalization of $3.81 billion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 2.25 and a beta of 1.85. The firm has a 50-day simple moving average of $40.02 and a two-hundred day simple moving average of $39.24. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a 52 week low of $33.21 and a 52 week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.98 earnings per share. Hilton Grand Vacations’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts forecast that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the sale, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of Hilton Grand Vacations by 73.1% during the second quarter. SG Americas Securities LLC now owns 8,331 shares of the company’s stock valued at $337,000 after acquiring an additional 3,519 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Hilton Grand Vacations by 93.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,676 shares of the company’s stock valued at $553,000 after purchasing an additional 6,624 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in shares of Hilton Grand Vacations by 63.9% in the 2nd quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock worth $11,628,000 after buying an additional 112,117 shares during the period. Panagora Asset Management Inc. grew its position in shares of Hilton Grand Vacations by 7.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 143,118 shares of the company’s stock worth $5,786,000 after buying an additional 10,357 shares in the last quarter. Finally, Rather & Kittrell Inc. increased its stake in shares of Hilton Grand Vacations by 51.7% during the second quarter. Rather & Kittrell Inc. now owns 44,005 shares of the company’s stock valued at $1,779,000 after buying an additional 15,000 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.