Zacks Investment Research downgraded shares of Hilton Grand Vacations Inc. (NYSE:HGV) from a buy rating to a hold rating in a research note released on Monday, September 11th.
According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “
A number of other equities analysts also recently commented on HGV. Nomura reissued a buy rating and set a $43.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 15th. Buckingham Research started coverage on Hilton Grand Vacations in a research report on Monday, June 19th. They set a buy rating and a $42.00 price objective for the company. Finally, Instinet reissued a buy rating and set a $45.00 price objective (up from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd. Nine investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of $38.44.
Shares of Hilton Grand Vacations (HGV) traded up 0.26% during midday trading on Monday, reaching $38.07. 123,219 shares of the company’s stock were exchanged. The stock has a market cap of $3.77 billion and a PE ratio of 21.67. Hilton Grand Vacations has a 12-month low of $24.60 and a 12-month high of $38.13. The stock’s 50 day moving average is $36.26 and its 200-day moving average is $36.26.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $413.33 million. Hilton Grand Vacations’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts expect that Hilton Grand Vacations will post $1.94 EPS for the current year.
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In other Hilton Grand Vacations news, Director David William Johnson purchased 28,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $35.16 per share, with a total value of $984,480.00. Following the completion of the acquisition, the director now directly owns 33,000 shares of the company’s stock, valued at approximately $1,160,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Hilton Grand Vacations by 17.5% in the second quarter. Vanguard Group Inc. now owns 5,285,950 shares of the company’s stock valued at $190,611,000 after purchasing an additional 788,628 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Hilton Grand Vacations by 7.3% in the second quarter. Capital Research Global Investors now owns 4,678,200 shares of the company’s stock valued at $168,696,000 after acquiring an additional 319,000 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Hilton Grand Vacations by 7,430.7% in the second quarter. Alliancebernstein L.P. now owns 2,245,594 shares of the company’s stock valued at $80,976,000 after acquiring an additional 2,215,775 shares during the period. FMR LLC boosted its holdings in shares of Hilton Grand Vacations by 1.9% in the second quarter. FMR LLC now owns 2,135,847 shares of the company’s stock valued at $77,019,000 after acquiring an additional 39,299 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Hilton Grand Vacations by 1,127.9% in the second quarter. Wells Fargo & Company MN now owns 1,824,671 shares of the company’s stock valued at $65,798,000 after acquiring an additional 1,676,070 shares during the period. 97.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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