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

Hilton Grand Vacations (NYSE:HGVGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, 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. “

A number of other research firms have also recently weighed in on HGV. StockNews.com assumed coverage on Hilton Grand Vacations in a research report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet raised Hilton Grand Vacations from a “c+” rating to a “b” rating in a report on Tuesday, March 1st. Finally, Truist Financial raised their price target on Hilton Grand Vacations from $60.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, March 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hilton Grand Vacations currently has an average rating of “Buy” and an average target price of $63.50.

Hilton Grand Vacations stock opened at $43.40 on Tuesday. Hilton Grand Vacations has a twelve month low of $36.95 and a twelve month high of $56.33. The stock has a 50 day moving average of $48.83 and a two-hundred day moving average of $49.85. The company has a current ratio of 3.85, a quick ratio of 3.50 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 21.27 and a beta of 1.98.

Hilton Grand Vacations (NYSE:HGVGet Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). Hilton Grand Vacations had a return on equity of 15.83% and a net margin of 8.13%. The company had revenue of $779.00 million for the quarter, compared to analyst estimates of $761.25 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The firm’s revenue was up 231.5% compared to the same quarter last year. Equities analysts predict that Hilton Grand Vacations will post 3.11 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Apollo Management Holdings L.P. purchased a new position in Hilton Grand Vacations in the 3rd quarter valued at approximately $1,441,172,000. Capital International Investors increased its stake in Hilton Grand Vacations by 0.3% in the 4th quarter. Capital International Investors now owns 7,909,060 shares of the company’s stock valued at $412,141,000 after purchasing an additional 22,835 shares in the last quarter. CAS Investment Partners LLC increased its stake in Hilton Grand Vacations by 28.8% in the 4th quarter. CAS Investment Partners LLC now owns 7,727,165 shares of the company’s stock valued at $402,663,000 after purchasing an additional 1,727,165 shares in the last quarter. BlackRock Inc. increased its position in Hilton Grand Vacations by 9.5% during the fourth quarter. BlackRock Inc. now owns 7,381,558 shares of the company’s stock worth $384,652,000 after buying an additional 638,646 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Hilton Grand Vacations by 17.3% during the fourth quarter. Alliancebernstein L.P. now owns 5,421,050 shares of the company’s stock worth $282,491,000 after buying an additional 797,831 shares in the last quarter. 97.12% of the stock is owned by hedge funds and other institutional investors.

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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