Hilton Grand Vacations (NYSE:HGV) Lowered to Underweight at JPMorgan Chase & Co.

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JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations (NYSE:HGV) from a neutral rating to an underweight rating in a report issued on Friday, BenzingaRatingsTable reports. The brokerage currently has $24.00 price target on the stock, down from their prior price target of $30.00.

Other equities research analysts have also recently issued reports about the company. ValuEngine cut Hilton Grand Vacations from a hold rating to a sell rating in a research note on Thursday, August 1st. TheStreet cut Hilton Grand Vacations from a b- rating to a c rating in a research note on Tuesday, May 7th. Zacks Investment Research raised Hilton Grand Vacations from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Finally, Nomura reissued a neutral rating on shares of Hilton Grand Vacations in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $36.20.

Shares of HGV stock opened at $26.08 on Friday. The stock has a market capitalization of $2.40 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.13 and a beta of 2.04. The business has a fifty day moving average price of $31.24. Hilton Grand Vacations has a twelve month low of $24.17 and a twelve month high of $34.08. The company has a debt-to-equity ratio of 2.78, a quick ratio of 3.77 and a current ratio of 5.12.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The firm had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $454.44 million. Hilton Grand Vacations had a return on equity of 43.64% and a net margin of 12.92%. Hilton Grand Vacations’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. As a group, equities research analysts predict that Hilton Grand Vacations will post 2.61 earnings per share for the current year.

In other Hilton Grand Vacations news, Director Leonard Potter purchased 10,000 shares of the stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $27.50 per share, with a total value of $275,000.00. Following the completion of the acquisition, the director now directly owns 72,348 shares in the company, valued at approximately $1,989,570. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Barbara L. Hollkamp sold 2,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $27.76, for a total value of $55,520.00. Following the transaction, the insider now directly owns 53,547 shares in the company, valued at $1,486,464.72. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

Large investors have recently made changes to their positions in the company. Pittenger & Anderson Inc. bought a new position in shares of Hilton Grand Vacations during the first quarter valued at $30,000. Quadrant Capital Group LLC lifted its holdings 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 valued at $53,000 after purchasing an additional 1,736 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Hilton Grand Vacations during the first quarter valued at $59,000. Poehling Capital Management LLC bought a new position in shares of Hilton Grand Vacations during the first quarter valued at $203,000. Finally, American Assets Investment Management LLC bought a new position in shares of Hilton Grand Vacations during the first quarter valued at $215,000.

Hilton Grand Vacations Company Profile

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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