Capital Research & Management Co.. has recently announced that it has increased stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 6.73%. After grabbing 6.73 million shares, the institutional investor is now in possession of 0.42 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 7.92% having worth around $136.57 million. Moreover, BlackRock Fund Advisors increased its share by 2.14 million to have a control over 5.44 million shares. And North Peak Capital Management LLC raised its holdings to 2.53 million shares by acquiring 2.83 million shares or 3.33% of the stake.
Hilton Grand Vacations Inc. (HGV) concluded trading on 08/27/20 at a closing price of $22.20, with 1.33 million shares of worth about $29.45 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 8.72% during that period and on Thursday the price saw a gain of about 7.92%. Currently the company’s common shares owned by public are about 85.00M shares, out of which, 82.73M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the HGV stock and their offered price forecasts bring an average price target of $25.67. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $35.00 and could fall to a lowest price of $20.00. Analysts also issued an outlook of 2.40 for the Hilton Grand Vacations Inc. stock for next 12 months. The stock’s current price level is 13.21% above of average price target set by the analysts, while a rise to estimated low would result in loss of -11.0 for the stock. However, touching the estimated high of $35.00 would mean a gain of 36.57% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 46 times over the past 12 months. They bought 161,690 shares in 14 of the transactions. In 32 selling transactions, insiders dumped 45,018 shares.
American Funds New Perspective Fu, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Hilton Grand Vacations Inc. American Funds New Perspective Fu is currently holding 5.46 million shares of worth totaling $110.88 million. The company recently came buying 0.7 million shares which brought its stake up to 6.43% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 1434.0 shares, after which its hold over company’s outstanding shares shrunk to 2.84%, leaving 2.41 million shares with the mutual fund that have a worth of about $48.95 million. Vanguard Small Cap Index Fund, after selling 2.11 million shares, have now control over 2.48% of the stake in the company. It holds 12505.0 shares of worth $42.85 million.
Hilton Grand Vacations Inc. (NYSE: HGV) started trading at $20.84, above $0.27 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $22.20, or with a gain of 7.92%. Stock saw a price change of 8.72% in past 5 days and over the past one month there was a price change of 8.45%. Year-to-date (YTD), HGV shares are showing a performance of -35.45% which decreased to -31.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.28 but also hit the highest price of $36.56 during that period. While comparing its average daily trading volume of 1.05 million shares, we see that about 1.33 million changed hands on the day. The stock is currently trading 4.78% above its 20-day simple moving average (SMA20), while that difference is up 6.38% for SMA50 and it goes to -11.14% lower than SMA200.
Capital Research & Management Co.. acquired 6.73 million shares of Hilton Grand Vacations Inc. having value of about $136.57 million. Data submitted at the U.S SEC by Capital Research & Management Co.. revealed that the firm now holds 0.42 million shares in the company valued at close to $9412333.8, or have control over 6.73% stake in the company. Hilton Grand Vacations Inc. (NYSE: HGV) currently have 85.00M outstanding shares and institutions hold larger chunk of about 95.26% of that. Holding of mutual funds in the company is about 59.81% while other institutional holders and individual stake holders have control over 7.58% and 38.96% of the stake respectively.
The stock has a current market capitalization of $1.92B and its 3Y-monthly beta is at 2.21. PE ratio of stock for trailing 12 months is 23.44, while it has posted earnings per share of $0.95 in the same period. Its PEG reads 1.65 while making debt-to-equity ratio of 4.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HGV, volatility over the week remained 4.51% while standing at 4.10% over the month.
Analysts are in expectations that Hilton Grand Vacations Inc. (HGV) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter ESPS is $0.33 and it is $1.73 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.29 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.59 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -19.10% while it is estimated to increase by 2275.71% in next year. EPS is likely to grow at an annualized rate of 14.17% for next 5-years, compared to annual growth of 7.50% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Hilton Grand Vacations Inc. (HGV)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 6 Wall Street analysts, 3 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on May 21, 2020 offering an Outperform rating for the stock and assigned a target price of to it. Coverage by Janney stated Hilton Grand Vacations Inc. (HGV) stock as a Neutral in their note to investors on September 25, 2019, suggesting a price target of $36 for the stock. On September 19, 2019, Goldman Downgrade their recommendations, while on August 20, 2019, JP Morgan Upgrade their ratings for the stock with a price target of $33. Stock get an Underweight rating from JP Morgan on August 02, 2019.