In a report released Saturday, analysts changed their recommendation for Hilton Grand Vacations (NYSE: HGV) from “hold” to “buy.” This change was made in response to new information contained in the report.
Recently, several other analysts have also disseminated reports on stocks based on research they conducted. TheStreet raised its previous rating on Hilton Grand Vacations stock to ‘b-‘ from ‘c+’ in a research report issued on November 14. Based on the research they did. The Street upgraded Hilton Grand Vacations’ stock to ‘b-‘ from its previous ‘c+’ rating in a research report released on November 14. It was previously given a “C-” rating. In a report published Nov. 15, Truist Financial said it would no longer recommend “buying” shares in Hilton Grand Vacations and would not set a price target. Despite the new target price of $62.00, the ‘buy’ recommendation remained unchanged. Barclays gave the company an “overweight” rating in a research report published Thursday, Dec. 15, and he raised the price target for Hilton Grand Vacations from $49.00 to $50.00. These changes were included in published reports. Moreover, the price expected to reach has increased from $49.00 to $50.00.
NYSE: HGV opened at $41.53 on Friday. The company currently has a market capitalization of $4.78 billion, a price/earnings ratio of 14.42, and a beta of 1.99. A share of the company’s stock is currently available for purchase at $40.75, with a simple moving average price of $39.53 over the last 200 trading days. The company’s 52-week low is $32.12 and its 52-week high is $55.23. 1.75 is the debt-to-equity ratio, 2.58 is the quick to liquid ratio, and 3.61 is the liquid to quick ratio.
On November 9th, Hilton Grand Vacations’ latest earnings report was released. The report was published on the New York Stock Exchange under the ticker symbol HGV. The company reported earnings per share for the quarter at his $1.24. That was $0.49 higher than his $0.75 analyst consensus forecast. Hilton Grand Vacations’ return on equity and net profit margin were both 17.67%, and the company’s net profit margin was his 9.48%. The company’s quarterly revenue was $1.12 billion, up from $906.05 million that industry analysts had predicted for the quarter. An analyst who specializes in stock research expects Hilton Grand Vacations to bring in his $3.09 earnings per share this year.
These days, institutional investors such as hedge funds and other types of investment institutions are very active in the market buying and selling stocks. Mackenzie Financial Corporation successfully added its 21.2% stake in Hilton Grand Vacations to its portfolio in the second quarter of this year. Mackenzie Financial Corp. increased the value of his holdings in the company by $232,000 as a result of purchasing an additional 1,135 shares in the company earlier in the past two months. Additionally, TimesSquare Capital Management LLC increased his stake in Hilton Grand Vacations shares by 0.7% in the second quarter of this year. After purchasing an additional 6,400 shares, TimesSquare Capital Management LLC now holds 920,912 shares of the company stock valued at $32,904,000. This brings the total number of shares owned by the company to 920,912. Additionally, ClariVest Asset Management LLC invested approximately $1,852,000 in the second quarter to purchase new positions in Hilton Grand Vacations. In the second quarter, Welch Capital Partners LLC purchased an additional 6.3% of his stake in Hilton Grand Vacations, bringing the company’s total holdings to 100%. Welch Capital Partners LLC (New York) is now the owner of 231,885 shares after purchasing an additional 13,720 of his shares in the recent period. These shares are currently worth a total of $8,285,000. Finally, in the first three months of the year, PB Investment Partners LP increased its stake in Hilton Grand Vacations by 17.6%. PB Investment Partners LP currently owns 333,107 shares in the company, which is now valued at $17,324,000 thanks to an additional 49,776 shares he purchased during this period. The majority of the company’s shares are owned by institutional investors and hedge funds, representing 93.66% of the total.
Hilton Grand Vacations Inc., a timeshare company operating under the brand name Hilton Grand Vacations, is responsible for developing, advertising, distributing and maintaining vacation ownership destinations. The company is involved in his two very different sides of the hospitality industry. management of resorts and clubs, sale of properties and their financing. In addition, we are responsible for resorts and clubs, overseeing resort facilities, financing resorts, and providing loans to customers interested in purchasing timeshares. The company also operates a points-based vacation club. In conclusion, it allows you to get holiday ownership intervals in addition to holiday ownership.