Macquarie began coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report report published on Friday, January 5th, Marketbeat Ratings reports. The brokerage issued a neutral rating on the stock.
Separately, Zacks Investment Research raised Hilton Grand Vacations from a hold rating to a buy rating and set a $47.00 price objective for the company in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Hilton Grand Vacations currently has an average rating of Buy and an average target price of $42.33.
Shares of Hilton Grand Vacations (HGV) traded up $0.11 during midday trading on Friday, hitting $45.14. The company had a trading volume of 605,083 shares, compared to its average volume of 477,795. The firm has a market cap of $4,461.98 and a PE ratio of 24.67. 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 1 year low of $27.92 and a 1 year high of $45.51.
Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, November 1st. The company reported $0.43 earnings per share (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 during the quarter, compared to analysts’ expectations of $435.83 million. During the same period in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 4.7% on a year-over-year basis. research analysts forecast that Hilton Grand Vacations will post 1.96 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in 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 acquiring an additional 202 shares during the period. SG Americas Securities LLC acquired a new stake in Hilton Grand Vacations during the 3rd quarter worth approximately $125,000. New York State Teachers Retirement System acquired a new stake in Hilton Grand Vacations during the 3rd quarter worth approximately $201,000. State of Alaska Department of Revenue acquired a new stake in Hilton Grand Vacations during the 4th quarter worth approximately $226,000. Finally, Pacad Investment Ltd. lifted its position in 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 acquiring an additional 400 shares during the period. 99.32% of the stock is 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.
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