Hilton Grand Vacations (NYSE:HGV) Raised to “Hold” at Zacks Research

Hilton Grand Vacations (NYSE:HGV) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Mizuho decreased their price objective on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Jefferies Financial Group upped their price objective on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Citizens Jmp increased their price objective on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Monday, March 9th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $49.00 target price on shares of Hilton Grand Vacations in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.33.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $40.50 on Wednesday. The stock has a 50-day moving average of $44.13 and a two-hundred day moving average of $43.65. Hilton Grand Vacations has a one year low of $30.59 and a one year high of $52.08. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The stock has a market cap of $3.29 billion, a P/E ratio of 44.50, a P/E/G ratio of 0.56 and a beta of 1.49.

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

Institutional Investors Weigh In On Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently made changes to their positions in HGV. Bard Associates Inc. purchased a new position in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its holdings in Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after buying an additional 349 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Hilton Grand Vacations during the fourth quarter valued at $44,000. Finally, Quarry LP acquired a new stake in Hilton Grand Vacations during the third quarter valued at $44,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

About Hilton Grand Vacations

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.