Hilton Grand Vacations (NYSE:HGV) Lifted to Hold at Zacks Investment Research

Hilton Grand Vacations (NYSE:HGVGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, 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. “

Several other research analysts have also weighed in on HGV. Truist Financial upped their price objective on shares of Hilton Grand Vacations from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, March 8th. StockNews.com initiated coverage on shares of Hilton Grand Vacations in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet raised shares of Hilton Grand Vacations from a “c+” rating to a “b” rating in a research note on Tuesday, March 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $66.75.

Hilton Grand Vacations stock opened at $45.27 on Wednesday. The firm has a market cap of $5.44 billion, a PE ratio of 29.40 and a beta of 1.98. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.50 and a current ratio of 5.08. The firm’s 50 day moving average price is $49.83 and its two-hundred day moving average price is $50.21. Hilton Grand Vacations has a twelve month low of $36.95 and a twelve month high of $56.33.

Hilton Grand Vacations (NYSE:HGVGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). The company had revenue of $838.00 million during the quarter, compared to analyst estimates of $796.22 million. Hilton Grand Vacations had a net margin of 7.54% and a return on equity of 16.61%. The firm’s quarterly revenue was up 295.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. Equities analysts anticipate that Hilton Grand Vacations will post 3.28 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in Hilton Grand Vacations by 152.0% during the first quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $40,000 after acquiring an additional 465 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Hilton Grand Vacations by 53.6% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,120 shares of the company’s stock valued at $59,000 after acquiring an additional 391 shares during the period. Dark Forest Capital Management LP bought a new stake in Hilton Grand Vacations during the third quarter valued at about $66,000. FourThought Financial LLC boosted its holdings in Hilton Grand Vacations by 9.0% during the third quarter. FourThought Financial LLC now owns 4,155 shares of the company’s stock valued at $197,000 after acquiring an additional 344 shares during the period. Finally, Wexford Capital LP bought a new stake in Hilton Grand Vacations during the fourth quarter valued at about $208,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Hilton Grand Vacations Company Profile (Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages 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 and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

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