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

Hilton Grand Vacations Inc. (NYSE:HGV)’s stock 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 trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JMP Securities dropped their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They set an “overweight” rating and a $47.00 target price on the stock. Barclays reissued an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.00.

Hilton Grand Vacations Stock Up 6.1 %

The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 48.84, a PEG ratio of 2.20 and a beta of 1.85. The business’s 50 day moving average is $40.44 and its 200 day moving average is $39.18.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations during the 3rd quarter worth about $25,000. Blue Trust Inc. grew its position in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after purchasing an additional 1,042 shares during the period. KBC Group NV increased its stake in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after buying an additional 889 shares during the period. Finally, Aigen Investment Management LP purchased a new position in Hilton Grand Vacations during the fourth quarter worth about $200,000. Hedge funds and other institutional investors 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.