Zacks Research Downgrades Hilton Grand Vacations (NYSE:HGV) to Strong Sell

Hilton Grand Vacations (NYSE:HGV) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings raised Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Mizuho cut 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. Wells Fargo & Company initiated coverage on shares of Hilton Grand Vacations in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 price target for the company. Barclays reduced their price objective on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $40.00 target price on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.78.

Hilton Grand Vacations Trading Up 0.9%

Shares of HGV stock traded up $0.38 on Tuesday, hitting $45.02. The stock had a trading volume of 311,296 shares, compared to its average volume of 802,504. The firm has a market capitalization of $3.67 billion, a P/E ratio of 49.47, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17. The company’s 50 day moving average price is $46.22 and its 200-day moving average price is $44.37. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Iridian Asset Management LLC CT grew its position in shares of Hilton Grand Vacations by 38.0% in the third quarter. Iridian Asset Management LLC CT now owns 274,055 shares of the company’s stock valued at $11,458,000 after purchasing an additional 75,453 shares during the period. Quantbot Technologies LP acquired a new stake in Hilton Grand Vacations in the 2nd quarter worth about $1,774,000. Assenagon Asset Management S.A. grew its holdings in Hilton Grand Vacations by 2,637.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 221,932 shares of the company’s stock valued at $9,279,000 after buying an additional 213,824 shares during the period. Close Asset Management Ltd increased its stake in shares of Hilton Grand Vacations by 15.7% during the 3rd quarter. Close Asset Management Ltd now owns 1,239,840 shares of the company’s stock valued at $51,832,000 after acquiring an additional 168,160 shares during the last quarter. Finally, North Peak Capital Management LLC lifted its holdings in shares of Hilton Grand Vacations by 11.3% during the 2nd quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after acquiring an additional 693,495 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.