Hilton Grand Vacations Inc. (NYSE:HGV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, October 17th.
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. “
HGV has been the subject of a number of other reports. Instinet reissued a “buy” rating and issued a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a report on Wednesday, August 9th. Nomura upped their price target on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Buckingham Research began coverage on shares of Hilton Grand Vacations in a report on Monday, June 19th. They issued a “buy” rating and a $42.00 price target for the company. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.78.
Shares of Hilton Grand Vacations (NYSE HGV) opened at 40.68 on Tuesday. Hilton Grand Vacations has a 52 week low of $24.60 and a 52 week high of $40.74. The firm has a market cap of $4.03 billion and a PE ratio of 23.15. The company has a 50 day moving average of $38.38 and a 200 day moving average of $36.11.
Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $413.33 million. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Grand Vacations will post $1.94 EPS for the current fiscal year.
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In other news, Director David William Johnson acquired 28,000 shares of Hilton Grand Vacations stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $35.16 per share, with a total value of $984,480.00. Following the completion of the purchase, the director now owns 33,000 shares of the company’s stock, valued at $1,160,280. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its stake in Hilton Grand Vacations by 1.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock valued at $404,000 after buying an additional 199 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Hilton Grand Vacations by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after buying an additional 202 shares in the last quarter. Pacad Investment Ltd. lifted its stake in Hilton Grand Vacations by 6.7% during the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after buying an additional 400 shares in the last quarter. Blair William & Co. IL lifted its stake in Hilton Grand Vacations by 2.3% during the second quarter. Blair William & Co. IL now owns 49,544 shares of the company’s stock valued at $1,787,000 after buying an additional 1,112 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Hilton Grand Vacations by 6.0% during the second quarter. GSA Capital Partners LLP now owns 20,084 shares of the company’s stock valued at $724,000 after buying an additional 1,139 shares in the last quarter. 97.84% of the stock is owned by institutional investors.
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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