Zacks Investment Research upgraded shares of Hilton Grand Vacations Inc. (NYSE:HGV) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $40.00 target price on the stock.
According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “
Several other research analysts have also weighed in on the company. Instinet reissued a buy rating and issued a $45.00 price objective (up from $44.00) on shares of Hilton Grand Vacations in a research report on Wednesday, August 9th. Nomura lifted their price objective on Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. Finally, Buckingham Research began coverage on Hilton Grand Vacations in a research report on Monday, June 19th. They issued a buy rating and a $42.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of $38.44.
Hilton Grand Vacations (NYSE:HGV) opened at 36.31 on Tuesday. The firm has a 50-day moving average price of $36.00 and a 200-day moving average price of $31.23. The firm has a market capitalization of $3.60 billion and a PE ratio of 20.67. Hilton Grand Vacations has a 1-year low of $24.60 and a 1-year high of $36.32.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $413.33 million. Hilton Grand Vacations’s revenue was up 12.3% on a year-over-year basis. Equities analysts expect that Hilton Grand Vacations will post $1.94 earnings per share for the current fiscal year.
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In related news, Director David William Johnson purchased 28,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $35.16 per share, for a total transaction of $984,480.00. Following the purchase, the director now owns 33,000 shares of the company’s stock, valued at $1,160,280. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total value of $341,610,000.00. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HGV. Gateway Investment Advisers LLC boosted its stake in Hilton Grand Vacations by 220.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock valued at $3,227,000 after purchasing an additional 61,562 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Hilton Grand Vacations by 129.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after purchasing an additional 3,500 shares during the last quarter. First Quadrant L P CA acquired a new position in Hilton Grand Vacations during the 2nd quarter valued at about $2,911,000. Highland Capital Management LLC acquired a new position in Hilton Grand Vacations during the 2nd quarter valued at about $914,000. Finally, Acadian Asset Management LLC acquired a new position in Hilton Grand Vacations during the 2nd quarter valued at about $625,000. Institutional investors and hedge funds own 97.88% of the company’s stock.
Hilton Grand Vacations Company Profile
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.
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