Zacks Investment Research upgraded shares of Hilton Grand Vacations Inc. (NYSE:HGV) from a sell rating to a hold rating in a research note published on Monday morning.
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 brokerages have also commented on HGV. Nomura lifted their price objective on Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. Instinet reiterated a buy rating and issued a $45.00 price objective (up from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $38.78.
Shares of Hilton Grand Vacations (HGV) traded down $0.67 during mid-day trading on Monday, reaching $40.37. The company had a trading volume of 80,102 shares, compared to its average volume of 719,778. The company has a debt-to-equity ratio of 3.29, a quick ratio of 3.39 and a current ratio of 4.50. The firm has a market capitalization of $4,124.08 and a price-to-earnings ratio of 22.74. Hilton Grand Vacations has a 1 year low of $24.60 and a 1 year high of $42.22.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $435.83 million. Hilton Grand Vacations had a return on equity of 72.15% and a net margin of 10.84%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. analysts expect that Hilton Grand Vacations will post 1.96 EPS for the current year.
In related news, Director David William Johnson bought 28,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $35.16 per share, for a total transaction of $984,480.00. Following the transaction, the director now owns 33,000 shares of the company’s stock, valued at $1,160,280. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in shares of Hilton Grand Vacations by 36.8% in the 3rd quarter. Wells Fargo & Company MN now owns 2,496,768 shares of the company’s stock valued at $96,450,000 after purchasing an additional 672,097 shares during the period. Amalgamated Bank grew its position in shares of Hilton Grand Vacations by 17.7% in the 3rd quarter. Amalgamated Bank now owns 13,042 shares of the company’s stock valued at $504,000 after purchasing an additional 1,957 shares during the period. Legal & General Group Plc grew its position in shares of Hilton Grand Vacations by 17.2% in the 3rd quarter. Legal & General Group Plc now owns 21,120 shares of the company’s stock valued at $816,000 after purchasing an additional 3,098 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $382,000. Finally, Ameriprise Financial Inc. grew its position in shares of Hilton Grand Vacations by 111.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 266,143 shares of the company’s stock valued at $10,281,000 after purchasing an additional 140,538 shares during the period. Institutional investors and hedge funds own 98.30% of the company’s stock.
About Hilton Grand Vacations
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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