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

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

Other analysts have also recently issued reports about the company. Zacks Research cut Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Barclays increased their price objective on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hilton Grand Vacations in a research report on Thursday, November 13th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 price target on Hilton Grand Vacations and gave the company a “buy” rating in a research note on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $52.75.

Hilton Grand Vacations Trading Up 0.3%

Hilton Grand Vacations stock traded up $0.10 during mid-day trading on Monday, hitting $37.49. 189,040 shares of the company’s stock were exchanged, compared to its average volume of 999,712. The company’s 50 day simple moving average is $42.58 and its 200-day simple moving average is $43.18. The company has a quick ratio of 3.12, a current ratio of 5.02 and a debt-to-equity ratio of 4.67. The firm has a market capitalization of $3.21 billion, a P/E ratio of 68.14, a PEG ratio of 4.16 and a beta of 1.66. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.37 billion. Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. On average, equities analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Hilton Grand Vacations declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 30,426 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $41.81, for a total value of $1,272,111.06. Following the completion of the transaction, the insider directly owned 60,270 shares in the company, valued at $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark D. Wang sold 46,364 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the transaction, the insider directly owned 801,681 shares in the company, valued at $37,951,578.54. This trade represents a 5.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Large investors have recently made changes to their positions in the stock. North Peak Capital Management LLC increased its holdings in Hilton Grand Vacations by 11.3% during the second quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after buying an additional 693,495 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Hilton Grand Vacations by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock valued at $283,849,000 after acquiring an additional 464,618 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hilton Grand Vacations by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,770,950 shares of the company’s stock worth $157,675,000 after purchasing an additional 43,083 shares during the last quarter. Mudita Advisors LLP raised its holdings in shares of Hilton Grand Vacations by 8.8% in the 3rd quarter. Mudita Advisors LLP now owns 2,333,146 shares of the company’s stock valued at $97,549,000 after purchasing an additional 189,286 shares during the period. Finally, UBS Group AG lifted its stake in Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after purchasing an additional 577,772 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.