Hilton Grand Vacations (NYSE:HGV) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a buy rating in a research report released on Thursday, Zacks.com reports. The firm currently has $40.00 price objective on the stock.

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. “

HGV has been the subject of several other reports. JPMorgan Chase & Co. upgraded Hilton Grand Vacations from an underweight rating to a neutral rating and set a $33.00 price objective for the company in a research report on Tuesday, August 20th. Janney Montgomery Scott downgraded Hilton Grand Vacations from a buy rating to a neutral rating and set a $36.00 price objective for the company. in a research report on Wednesday, September 25th. They noted that the move was a valuation call. SunTrust Banks dropped their price objective on Hilton Grand Vacations from $43.00 to $42.00 and set a buy rating for the company in a research report on Wednesday, October 16th. ValuEngine downgraded Hilton Grand Vacations from a hold rating to a sell rating in a research report on Thursday, August 1st. Finally, Wolfe Research set a $43.00 price objective on Hilton Grand Vacations and gave the stock a buy rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $37.63.

Shares of HGV stock traded up $0.10 on Thursday, hitting $35.67. 610,293 shares of the company’s stock were exchanged, compared to its average volume of 1,434,129. The company has a debt-to-equity ratio of 3.42, a current ratio of 4.41 and a quick ratio of 3.27. Hilton Grand Vacations has a 12 month low of $24.17 and a 12 month high of $36.56. The stock has a market cap of $3.07 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.93 and a beta of 1.99. The company has a 50 day moving average of $33.73 and a 200 day moving average of $31.05.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.10. Hilton Grand Vacations had a return on equity of 47.96% and a net margin of 13.12%. The business had revenue of $466.00 million during the quarter, compared to the consensus estimate of $460.48 million. During the same period in the prior year, the company earned $0.42 EPS. Hilton Grand Vacations’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts predict that Hilton Grand Vacations will post 2.07 EPS for the current fiscal year.

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In other Hilton Grand Vacations news, insider Barbara L. Hollkamp sold 2,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.56, for a total value of $67,120.00. Following the completion of the transaction, the insider now directly owns 51,547 shares in the company, valued at $1,729,917.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.05% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Zimmer Partners LP acquired a new stake in Hilton Grand Vacations during the second quarter worth approximately $69,209,000. Long Pond Capital LP increased its position in Hilton Grand Vacations by 34.1% in the second quarter. Long Pond Capital LP now owns 7,867,092 shares of the company’s stock worth $250,331,000 after buying an additional 2,000,000 shares during the last quarter. Prudential Financial Inc. increased its position in Hilton Grand Vacations by 1,156.9% in the second quarter. Prudential Financial Inc. now owns 1,833,084 shares of the company’s stock worth $58,329,000 after buying an additional 1,687,240 shares during the last quarter. UBS Group AG increased its position in Hilton Grand Vacations by 15,193.0% in the second quarter. UBS Group AG now owns 1,335,080 shares of the company’s stock worth $42,482,000 after buying an additional 1,326,350 shares during the last quarter. Finally, P2 Capital Partners LLC increased its position in Hilton Grand Vacations by 35.5% in the second quarter. P2 Capital Partners LLC now owns 4,500,000 shares of the company’s stock worth $143,190,000 after buying an additional 1,178,425 shares during the last quarter.

About Hilton Grand Vacations

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

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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