Hilton Grand Vacations (NYSE:HGV) Trading Down 5.3%

Hilton Grand Vacations Inc. (NYSE:HGV) shares dropped 5.3% during mid-day trading on Wednesday . The stock traded as low as $41.30 and last traded at $41.56. Approximately 100,230 shares changed hands during trading, a decline of 86% from the average daily volume of 706,458 shares. The stock had previously closed at $43.87.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HGV. JPMorgan Chase & Co. assumed coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They issued an “overweight” rating and a $59.00 price target on the stock. Truist Financial lifted their price target on shares of Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Mizuho initiated coverage on Hilton Grand Vacations in a research report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Hilton Grand Vacations has an average rating of “Moderate Buy” and an average price target of $58.71.

Hilton Grand Vacations Trading Down 6.5 %

The company has a 50 day moving average of $41.02 and a 200-day moving average of $42.92. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.83. The company has a debt-to-equity ratio of 3.09, a quick ratio of 3.11 and a current ratio of 4.44.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $0.79 earnings per share. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, research analysts anticipate that Hilton Grand Vacations Inc. will post 3.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HGV. State of Michigan Retirement System raised its position in Hilton Grand Vacations by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 17,500 shares of the company’s stock valued at $826,000 after purchasing an additional 400 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Hilton Grand Vacations by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,500 shares of the company’s stock valued at $968,000 after acquiring an additional 500 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Hilton Grand Vacations by 4.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company’s stock worth $582,000 after acquiring an additional 523 shares during the last quarter. ProShare Advisors LLC grew its holdings in Hilton Grand Vacations by 3.5% during the 1st quarter. ProShare Advisors LLC now owns 17,661 shares of the company’s stock worth $834,000 after acquiring an additional 596 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. grew its holdings in Hilton Grand Vacations by 3.4% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 27,197 shares of the company’s stock worth $1,093,000 after acquiring an additional 898 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.