Hilton Grand Vacations Inc. (NYSE:HGV)‘s stock had its “buy” rating restated by investment analysts at Instinet in a research note issued on Wednesday. They presently have a $45.00 price target on the stock, up from their prior price target of $44.00. Instinet’s price objective suggests a potential upside of 25.87% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday. Nomura increased their target price on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Buckingham Research assumed coverage on shares of Hilton Grand Vacations in a research report on Monday, June 19th. They set a “buy” rating and a $42.00 target price for the company. Nine research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $38.56.

Hilton Grand Vacations (NYSE:HGV) opened at 35.75 on Wednesday. Hilton Grand Vacations has a one year low of $24.60 and a one year high of $37.94. The firm has a market cap of $3.54 billion and a PE ratio of 20.35. The company’s 50-day moving average is $36.31 and its 200-day moving average is $32.69.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $439 million for the quarter, compared to analyst estimates of $413.33 million. Hilton Grand Vacations’s revenue was up 12.3% on a year-over-year basis. On average, analysts forecast that Hilton Grand Vacations will post $1.95 earnings per share for the current fiscal year.

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In related news, insider Mark D. Wang acquired 28,000 shares of Hilton Grand Vacations stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $36.08 per share, with a total value of $1,010,240.00. Following the transaction, the insider now directly owns 312,325 shares in the company, valued at approximately $11,268,686. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $341,610,000.00. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Gateway Investment Advisers LLC increased its stake in shares of Hilton Grand Vacations by 220.5% in the second quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock valued at $3,227,000 after buying an additional 61,562 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after buying an additional 3,500 shares during the period. First Quadrant L P CA bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $2,911,000. Highland Capital Management LLC bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $914,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $625,000. 95.72% 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.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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