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

Hilton Grand Vacations (NYSE:HGV) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on HGV. Mizuho reduced their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 price objective on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Jefferies Financial Group raised their target price on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Finally, Citizens Jmp boosted their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.33.

Hilton Grand Vacations Stock Up 0.1%

Hilton Grand Vacations stock opened at $40.50 on Wednesday. The business’s 50-day simple moving average is $44.13 and its two-hundred day simple moving average is $43.65. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The company has a market cap of $3.29 billion, a PE ratio of 44.50, a PEG ratio of 0.56 and a beta of 1.49. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds have recently bought and sold shares of HGV. Securian Asset Management Inc. grew its stake in shares of Hilton Grand Vacations by 5.0% during the 3rd quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock worth $193,000 after purchasing an additional 222 shares during the period. Fifth Third Bancorp lifted its stake in shares of Hilton Grand Vacations by 5.7% in the 4th quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock valued at $199,000 after purchasing an additional 238 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Hilton Grand Vacations by 13.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after purchasing an additional 291 shares during the period. Waterway Wealth Management LLC boosted its holdings in Hilton Grand Vacations by 4.3% during the third quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock worth $332,000 after buying an additional 325 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

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.