Hilton Grand Vacations (NYSE:HGV) Upgraded to Buy at Wall Street Zen

Hilton Grand Vacations (NYSE:HGV) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other analysts also recently commented on HGV. Morgan Stanley restated an “equal weight” rating and issued a $49.00 target price on shares of Hilton Grand Vacations in a research note on Friday, January 16th. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group increased their price target on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, March 2nd. Weiss Ratings raised Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Finally, Barclays decreased their price objective on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and an average price target of $52.33.

Hilton Grand Vacations Stock Down 6.2%

Shares of NYSE HGV opened at $37.86 on Friday. The firm has a market cap of $3.08 billion, a PE ratio of 41.60, a P/E/G ratio of 0.55 and a beta of 1.43. Hilton Grand Vacations has a 12-month low of $30.59 and a 12-month high of $52.08. The company’s fifty day simple moving average is $44.67 and its 200 day simple moving average is $43.83. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04.

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

Institutional Trading of Hilton Grand Vacations

A number of institutional investors and hedge funds have recently modified their holdings of HGV. Iridian Asset Management LLC CT increased its position in shares of Hilton Grand Vacations by 38.0% during the 3rd quarter. Iridian Asset Management LLC CT now owns 274,055 shares of the company’s stock valued at $11,458,000 after purchasing an additional 75,453 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter worth about $1,774,000. Vanguard Group Inc. boosted its holdings in shares of Hilton Grand Vacations by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock worth $283,849,000 after buying an additional 464,618 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Hilton Grand Vacations during the third quarter valued at about $6,956,000. Finally, Assenagon Asset Management S.A. grew its position in Hilton Grand Vacations by 2,637.2% during the third quarter. Assenagon Asset Management S.A. now owns 221,932 shares of the company’s stock valued at $9,279,000 after buying an additional 213,824 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

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.