Hilton Grand Vacations (NYSE:HGV) Raised to Neutral at JPMorgan Chase & Co.

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JPMorgan Chase & Co. upgraded shares of Hilton Grand Vacations (NYSE:HGV) from an underweight rating to a neutral rating in a research note released on Tuesday, The Fly reports. JPMorgan Chase & Co. currently has $33.00 price target on the stock.

HGV has been the topic of a number of other research reports. ValuEngine lowered Hilton Grand Vacations from a hold rating to a sell rating in a research report on Thursday, August 1st. TheStreet lowered Hilton Grand Vacations from a b- rating to a c rating in a research report on Tuesday, May 7th. Nomura reaffirmed a neutral rating on shares of Hilton Grand Vacations in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered Hilton Grand Vacations from a buy rating to a sell rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $36.50.

NYSE HGV opened at $32.25 on Tuesday. The firm has a market cap of $2.68 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.57 and a beta of 2.04. The company has a debt-to-equity ratio of 3.80, a current ratio of 4.77 and a quick ratio of 3.50. The stock’s 50-day moving average is $30.15 and its 200-day moving average is $30.37. Hilton Grand Vacations has a one year low of $24.17 and a one year high of $33.99.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The business had revenue of $454.00 million for the quarter, compared to analyst estimates of $454.44 million. Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. Equities analysts anticipate that Hilton Grand Vacations will post 2.21 EPS for the current year.

In related news, insider Barbara L. Hollkamp sold 2,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $27.76, for a total value of $55,520.00. Following the sale, the insider now owns 53,547 shares of the company’s stock, valued at approximately $1,486,464.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.05% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its position in Hilton Grand Vacations by 0.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 116,735 shares of the company’s stock valued at $3,715,000 after buying an additional 547 shares during the last quarter. Rhumbline Advisers raised its position in Hilton Grand Vacations by 0.6% in the 1st quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock valued at $2,900,000 after buying an additional 594 shares during the last quarter. California State Teachers Retirement System raised its position in Hilton Grand Vacations by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock valued at $4,720,000 after buying an additional 693 shares during the last quarter. Pittenger & Anderson Inc. acquired a new position in shares of Hilton Grand Vacations during the 1st quarter worth approximately $30,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Hilton Grand Vacations by 0.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 511,197 shares of the company’s stock worth $16,267,000 after purchasing an additional 1,412 shares during the last quarter. 98.86% of the stock is currently owned by institutional investors and hedge funds.

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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