Hilton Grand Vacations Inc. (NYSE:HGV) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Hilton Grand Vacations Inc. (NYSE:HGV) from a sell rating to a hold rating in a report issued on Monday, November 6th.

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. “

Several other brokerages have also recently issued reports on HGV. Instinet reaffirmed a buy rating and set a $45.00 price objective (up from $44.00) on shares of Hilton Grand Vacations in a report on Thursday, August 3rd. Nomura increased their price target on Hilton Grand Vacations from $44.00 to $45.00 and gave the company a buy rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $38.78.

Hilton Grand Vacations (NYSE HGV) traded up $0.10 on Monday, hitting $40.27. The stock had a trading volume of 83,998 shares, compared to its average volume of 488,494. The stock has a market cap of $3,980.40 and a price-to-earnings ratio of 21.95. The company has a current ratio of 4.50, a quick ratio of 3.39 and a debt-to-equity ratio of 3.29. Hilton Grand Vacations has a 12-month low of $24.60 and a 12-month high of $42.22.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Hilton Grand Vacations had a return on equity of 72.15% and a net margin of 10.84%. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $435.83 million. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. equities analysts anticipate that Hilton Grand Vacations will post 1.96 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Gateway Investment Advisers LLC raised its stake in shares of Hilton Grand Vacations by 220.5% in the second quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock worth $3,227,000 after purchasing an additional 61,562 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after purchasing an additional 3,500 shares during the last quarter. First Quadrant L P CA purchased a new position in Hilton Grand Vacations during the second quarter valued at approximately $2,911,000. Highland Capital Management LLC purchased a new position in Hilton Grand Vacations during the second quarter valued at approximately $914,000. Finally, Acadian Asset Management LLC purchased a new position in Hilton Grand Vacations during the second quarter valued at approximately $625,000.

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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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