Hilton Grand Vacations (HGV) PT Lowered to $39.00

Hilton Grand Vacations (NYSE:HGV) had its price objective cut by JPMorgan Chase & Co. from $47.00 to $39.00 in a report released on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group began coverage on shares of Hilton Grand Vacations in a report on Monday, July 16th. They issued a hold rating and a $38.00 price target on the stock. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Thursday, July 5th. Finally, ValuEngine cut shares of Hilton Grand Vacations from a hold rating to a sell rating in a report on Thursday, October 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $42.60.

HGV stock traded down $0.61 during mid-day trading on Friday, reaching $30.33. 276,657 shares of the stock traded hands, compared to its average volume of 1,347,671. The company has a quick ratio of 3.63, a current ratio of 5.01 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.06 and a beta of 1.37. Hilton Grand Vacations has a one year low of $26.20 and a one year high of $47.75.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $427.00 million during the quarter, compared to the consensus estimate of $429.21 million. Hilton Grand Vacations had a return on equity of 47.88% and a net margin of 20.01%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, equities research analysts expect that Hilton Grand Vacations will post 3.01 EPS for the current year.

In other news, insider Mark D. Wang acquired 16,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were bought at an average price of $31.91 per share, for a total transaction of $510,560.00. Following the acquisition, the insider now owns 328,481 shares of the company’s stock, valued at approximately $10,481,828.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leonard Potter acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was purchased at an average price of $31.98 per share, for a total transaction of $799,500.00. Following the acquisition, the director now directly owns 58,135 shares in the company, valued at approximately $1,859,157.30. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in HGV. FMR LLC raised its holdings in shares of Hilton Grand Vacations by 19.7% during the 2nd quarter. FMR LLC now owns 13,605,392 shares of the company’s stock worth $472,108,000 after acquiring an additional 2,239,716 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Hilton Grand Vacations by 9,219.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 944,359 shares of the company’s stock worth $32,769,000 after acquiring an additional 934,226 shares during the period. BlackRock Inc. raised its holdings in shares of Hilton Grand Vacations by 14.1% during the 2nd quarter. BlackRock Inc. now owns 4,037,843 shares of the company’s stock worth $140,113,000 after acquiring an additional 497,595 shares during the period. BlueMountain Capital Management LLC raised its holdings in shares of Hilton Grand Vacations by 639.2% during the 2nd quarter. BlueMountain Capital Management LLC now owns 301,080 shares of the company’s stock worth $10,447,000 after acquiring an additional 260,348 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Hilton Grand Vacations by 263.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 348,900 shares of the company’s stock worth $12,107,000 after acquiring an additional 252,900 shares during the period. Institutional investors own 95.84% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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