Hilton Grand Vacations (NYSE:HGV) Upgraded at Zacks Research

Zacks Research upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on HGV. Jefferies Financial Group upped their price target on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a report on Monday, March 2nd. The Goldman Sachs Group restated a “sell” rating and set a $40.00 target price on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Barclays dropped their price target on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Mizuho reduced their price target 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. Finally, Citizens Jmp boosted their price objective on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.33.

Hilton Grand Vacations Trading Up 0.0%

NYSE:HGV opened at $40.50 on Wednesday. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 0.56 and a beta of 1.49. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04. The company’s 50 day moving average price is $44.03 and its 200-day moving average price is $43.61. Hilton Grand Vacations has a 52 week low of $30.59 and a 52 week high of $52.08.

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 return on equity of 11.90% and a net margin of 1.60%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Hilton Grand Vacations’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HGV. Arrowstreet Capital Limited Partnership grew its stake in shares of Hilton Grand Vacations by 489.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after purchasing an additional 1,314,117 shares during the period. Norges Bank bought a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $32,871,000. Marshall Wace LLP boosted its holdings in shares of Hilton Grand Vacations by 142.6% in the third quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after buying an additional 684,025 shares during the last quarter. UBS Group AG grew its position in Hilton Grand Vacations by 34.4% during the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after buying an additional 577,772 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock valued at $86,680,000 after buying an additional 521,109 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.