Hilton Grand Vacations (NYSE:HGV) Hits New 52-Week Low – Should You Sell?

Hilton Grand Vacations Inc. (NYSE:HGV) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $34.58 and last traded at $34.4540, with a volume of 264076 shares trading hands. The stock had previously closed at $35.78.

Analyst Ratings Changes

Several brokerages have commented on HGV. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Wednesday, August 26th. Mizuho lowered their target price on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Barclays reduced their price target on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Morgan Stanley reduced their target price on shares of Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.67.

Hilton Grand Vacations Stock Up 0.6%

The firm has a market capitalization of $2.71 billion, a P/E ratio of 19.69, a P/E/G ratio of 0.36 and a beta of 1.61. The company has a fifty day simple moving average of $42.23 and a 200 day simple moving average of $45.71. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. Hilton Grand Vacations’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, equities analysts expect that Hilton Grand Vacations Inc. will post 4.4 EPS for the current fiscal year.

Hilton Grand Vacations announced that its board has authorized a share repurchase plan on Thursday, August 20th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the company to purchase up to 17% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the transaction, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently made changes to their positions in the company. Persistent Asset Partners Ltd purchased a new stake in Hilton Grand Vacations in the second quarter worth approximately $63,000. Oregon Public Employees Retirement Fund raised its stake in Hilton Grand Vacations by 3.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock valued at $482,000 after buying an additional 400 shares during the last quarter. Leonteq Securities AG raised its stake in Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares during the last quarter. Bard Associates Inc. bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at $29,000. Finally, Nykredit A S bought a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at $38,000. Institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that develops, markets, sells and manages timeshare interests and related travel experiences. Through its vacation ownership programs, customers purchase points or interests that can be used for stays at a network of resorts and accommodations, often with access to exchange and reservation services.

The company operates a portfolio of vacation ownership brands and offerings, including Hilton Grand Vacations, Hilton Club, HGV Max and properties associated with Diamond Resorts and Bluegreen Vacations.