Hilton Grand Vacations Inc. (HGV) Cut to Sell at Zacks Investment Research
Hilton Grand Vacations Inc. (NYSE:HGV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
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. “
A number of other brokerages also recently issued reports on HGV. Instinet reissued a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a report on Thursday, August 3rd. Buckingham Research assumed coverage on shares of Hilton Grand Vacations in a report on Monday, June 19th. They set a “buy” rating and a $42.00 price target on the stock. Finally, Nomura increased their price target on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $38.78.
Shares of Hilton Grand Vacations (HGV) traded up 0.13% during mid-day trading on Tuesday, hitting $39.83. 283,353 shares of the stock traded hands. Hilton Grand Vacations has a 12 month low of $24.60 and a 12 month high of $40.11. The stock has a market cap of $3.95 billion and a price-to-earnings ratio of 22.67. The firm has a 50 day moving average of $37.60 and a 200 day moving average of $35.57.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $413.33 million. Hilton Grand Vacations’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts expect that Hilton Grand Vacations will post $1.94 EPS for the current fiscal year.
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In related news, Director David William Johnson acquired 28,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $35.16 per share, with a total value of $984,480.00. Following the completion of the acquisition, the director now directly owns 33,000 shares in the company, valued at approximately $1,160,280. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Hilton Grand Vacations by 15.1% during the second quarter. Public Employees Retirement System of Ohio now owns 27,092 shares of the company’s stock valued at $977,000 after purchasing an additional 3,563 shares in the last quarter. Koch Industries Inc. purchased a new position in Hilton Grand Vacations during the second quarter valued at $268,000. Nomura Holdings Inc. purchased a new position in Hilton Grand Vacations during the second quarter valued at $6,422,000. California State Teachers Retirement System lifted its holdings in Hilton Grand Vacations by 1.7% during the second quarter. California State Teachers Retirement System now owns 106,259 shares of the company’s stock valued at $3,832,000 after purchasing an additional 1,807 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Hilton Grand Vacations by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after purchasing an additional 202 shares in the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.
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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