Hilton Grand Vacations (NYSE:HGV) Shares Gap Up – Time to Buy?

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.

Analyst Ratings Changes

Several equities analysts have commented on HGV shares. JMP Securities cut their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. Mizuho upped their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday. Barclays upped their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday. Finally, The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.13.

Hilton Grand Vacations Stock Performance

The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The stock has a fifty day moving average price of $40.59 and a 200-day moving average price of $39.27. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 2.20 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CAS Investment Partners LLC increased its holdings in Hilton Grand Vacations by 2.0% during the 4th quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company’s stock valued at $252,877,000 after purchasing an additional 129,333 shares in the last quarter. Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company’s stock valued at $143,031,000 after purchasing an additional 373,442 shares in the last quarter. Parsifal Capital Management LP increased its holdings in Hilton Grand Vacations by 1.8% during the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company’s stock valued at $135,385,000 after purchasing an additional 62,346 shares in the last quarter. FMR LLC increased its holdings in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Hilton Grand Vacations by 21.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company’s stock valued at $114,329,000 after buying an additional 512,362 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

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.