HGV

Morgan Stanley Initiates Coverage of Hilton Grand Vacations (HGV) with Overweight Recommendation

Fintel reports that on January 6, 2025, Morgan Stanley initiated coverage of Hilton Grand Vacations (NYSE:HGV) with a Overweight recommendation.

Analyst Price Forecast Suggests 24.96% Upside

As of December 22, 2024, the average one-year price target for Hilton Grand Vacations is $47.05/share. The forecasts range from a low of $37.37 to a high of $57.75. The average price target represents an increase of 24.96% from its latest reported closing price of $37.65 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Hilton Grand Vacations is 4,329MM, an increase of 2.15%. The projected annual non-GAAP EPS is 5.32.

What is the Fund Sentiment?

There are 547 funds or institutions reporting positions in Hilton Grand Vacations. This is an decrease of 2 owner(s) or 0.36% in the last quarter. Average portfolio weight of all funds dedicated to HGV is 0.37%, an increase of 10.64%. Total shares owned by institutions increased in the last three months by 6.59% to 117,594K shares. HGV / Hilton Grand Vacations Inc. Put/Call Ratios The put/call ratio of HGV is 4.68, indicating a bearish outlook.

What are Other Shareholders Doing?

HGV / Hilton Grand Vacations Inc. Shares Held by Institutions

Apollo Management Holdings holds 30,296K shares representing 30.76% ownership of the company. No change in the last quarter.

Hill Path Capital holds 6,510K shares representing 6.61% ownership of the company. No change in the last quarter.

CAS Investment Partners holds 6,363K shares representing 6.46% ownership of the company. In its prior filing, the firm reported owning 6,447K shares , representing a decrease of 1.31%. The firm decreased its portfolio allocation in HGV by 24.70% over the last quarter.

North Peak Capital Management holds 5,891K shares representing 5.98% ownership of the company. In its prior filing, the firm reported owning 6,030K shares , representing a decrease of 2.35%. The firm increased its portfolio allocation in HGV by 5.07% over the last quarter.

Parsifal Capital Management holds 3,414K shares representing 3.47% ownership of the company. In its prior filing, the firm reported owning 3,520K shares , representing a decrease of 3.11%. The firm decreased its portfolio allocation in HGV by 17.40% over the last quarter.

Hilton Grand Vacations Background Information
(This description is provided by the company.)

Hilton Grand Vacations Inc. is recognized as a leading global timeshare company. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. The Company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 325,000 club members.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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