Hilton Grand Vacations (HGV) Stock Rating Upgraded by Zacks Investment Research

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Hilton Grand Vacations (NYSE:HGV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

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. “

HGV has been the subject of a number of other reports. ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, May 3rd. TheStreet lowered Hilton Grand Vacations from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. Credit Suisse Group reiterated an “outperform” rating and issued a $37.00 price objective on shares of Hilton Grand Vacations in a research report on Wednesday, March 20th. Finally, SunTrust Banks increased their price objective on Hilton Grand Vacations to $51.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Hilton Grand Vacations has an average rating of “Hold” and an average price target of $37.33.

Shares of HGV stock traded down $0.51 during trading hours on Friday, reaching $27.33. The company had a trading volume of 1,027,959 shares, compared to its average volume of 1,131,800. The company has a debt-to-equity ratio of 2.78, a current ratio of 5.12 and a quick ratio of 3.77. The firm has a market capitalization of $2.51 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 1.14 and a beta of 1.66. Hilton Grand Vacations has a 12-month low of $24.17 and a 12-month high of $40.65.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $455.20 million. Hilton Grand Vacations had a net margin of 15.51% and a return on equity of 56.92%. Hilton Grand Vacations’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. On average, equities research analysts expect that Hilton Grand Vacations will post 2.69 EPS for the current year.

In other Hilton Grand Vacations news, Director Leonard Potter acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $27.50 per share, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 72,348 shares of the company’s stock, valued at approximately $1,989,570. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.05% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new position in shares of Hilton Grand Vacations during the first quarter worth $30,000. Quadrant Capital Group LLC boosted its position in shares of Hilton Grand Vacations by 9,136.8% during the first quarter. Quadrant Capital Group LLC now owns 1,755 shares of the company’s stock worth $53,000 after buying an additional 1,736 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Hilton Grand Vacations during the first quarter worth $59,000. US Bancorp DE boosted its position in shares of Hilton Grand Vacations by 136.0% during the first quarter. US Bancorp DE now owns 3,193 shares of the company’s stock worth $99,000 after buying an additional 1,840 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hilton Grand Vacations by 10.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,552 shares of the company’s stock worth $173,000 after buying an additional 639 shares during the period.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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