Hilton Grand Vacations (NYSE:HGV) Shares Gap Up – Here’s What Happened

Hilton Grand Vacations Inc. (NYSE:HGV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $40.51, but opened at $43.83. Hilton Grand Vacations shares last traded at $42.98, with a volume of 224,987 shares changing hands.

Wall Street Analysts Forecast Growth

HGV has been the subject of several recent research reports. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Morgan Stanley assumed coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price for the company. JMP Securities dropped their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Stock Up 6.1 %

The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a 50 day simple moving average of $40.44 and a 200-day simple moving average of $39.18. The stock has a market cap of $4.23 billion, a P/E ratio of 48.84, a price-to-earnings-growth ratio of 2.20 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. On average, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $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 worth $36,000 after buying an additional 588 shares in the last quarter. Covestor Ltd lifted its stake in shares of Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after acquiring an additional 1,042 shares during the last quarter. KBC Group NV boosted its holdings in shares of Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after acquiring an additional 889 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in Hilton Grand Vacations in the 4th quarter worth about $200,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.