Hilton Grand Vacations (NYSE:HGV) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Hilton Grand Vacations (NYSE:HGV) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on the company. Wall Street Zen raised Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Wells Fargo & Company dropped their target price on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Citizens Jmp lifted their target price on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, March 9th. Barclays lifted their target price on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Mizuho dropped their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and a consensus price target of $56.89.

Hilton Grand Vacations Trading Up 2.4%

Shares of HGV opened at $49.92 on Tuesday. The stock’s 50-day moving average is $46.87 and its two-hundred day moving average is $45.31. The stock has a market cap of $3.96 billion, a PE ratio of 26.69, a P/E/G ratio of 0.43 and a beta of 1.50. Hilton Grand Vacations has a 12 month low of $36.79 and a 12 month high of $53.82. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Equities analysts forecast that Hilton Grand Vacations will post 5.11 earnings per share for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the completion of the sale, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. The trade was a 32.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the sale, the insider directly owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. This represents a 17.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 229,315 shares of company stock valued at $11,738,497 over the last three months. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG grew its holdings in shares of Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the period. Bard Associates Inc. acquired a new position in shares of Hilton Grand Vacations during the fourth quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after buying an additional 349 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Hilton Grand Vacations during the fourth quarter worth approximately $44,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.