Macquarie Initiates Coverage on Hilton Grand Vacations (HGV)

Macquarie started coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research note published on Friday, January 5th, Marketbeat.com reports. The firm issued a neutral rating on the stock.

Separately, Zacks Investment Research lowered Hilton Grand Vacations from a hold rating to a sell rating in a report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $41.29.

Shares of Hilton Grand Vacations (NYSE HGV) traded down $0.05 during mid-day trading on Friday, reaching $41.95. The company had a trading volume of 274,047 shares, compared to its average volume of 508,132. The company has a debt-to-equity ratio of 3.29, a quick ratio of 3.39 and a current ratio of 4.50. Hilton Grand Vacations has a 52-week low of $24.60 and a 52-week high of $43.19. The company has a market capitalization of $4,160.00 and a PE ratio of 22.92.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $426.00 million for the quarter, compared to analyst estimates of $435.83 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. research analysts anticipate that Hilton Grand Vacations will post 1.96 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HGV. The Manufacturers Life Insurance Company grew its holdings in shares of Hilton Grand Vacations by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after purchasing an additional 202 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $125,000. New York State Teachers Retirement System acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $201,000. Pacad Investment Ltd. grew its holdings in shares of Hilton Grand Vacations by 6.7% during the 2nd quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock worth $231,000 after purchasing an additional 400 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $236,000. 99.32% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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