Hilton Grand Vacations (NYSE:HGV) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Hilton Grand Vacations (NYSE:HGV) from a buy rating to a hold rating in a research report released on Saturday morning, 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 equities analysts also recently commented on the company. ValuEngine downgraded Hilton Grand Vacations from a hold rating to a sell rating in a research report on Thursday, August 1st. Nomura boosted their price objective on Hilton Grand Vacations from $29.00 to $33.00 and gave the stock a neutral rating in a research report on Tuesday, September 24th. SunTrust Banks lowered 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. Goldman Sachs Group downgraded Hilton Grand Vacations from a buy rating to a neutral rating and boosted their price objective for the stock from $35.00 to $37.00 in a research report on Thursday, September 19th. Finally, Janney Montgomery Scott downgraded Hilton Grand Vacations from a buy rating to a neutral rating and set a $36.00 price target for the company. in a report on Wednesday, September 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $37.63.

Shares of Hilton Grand Vacations stock traded up $0.10 on Friday, reaching $35.67. 610,293 shares of the company were exchanged, compared to its average volume of 1,434,129. Hilton Grand Vacations has a 1-year low of $24.17 and a 1-year high of $36.56. The company 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 debt-to-equity ratio of 3.42, a current ratio of 4.41 and a quick ratio of 3.27. The stock’s 50 day moving average price is $33.73 and its 200-day moving average price is $31.05.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.59 EPS for the quarter, topping the Zacks’ 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 previous year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts predict that Hilton Grand Vacations will post 2.07 earnings per share for the current fiscal year.

In related news, insider Barbara L. Hollkamp sold 2,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,729,917.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.05% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HGV. First Trust Advisors LP boosted its holdings in Hilton Grand Vacations by 5.3% in the first quarter. First Trust Advisors LP now owns 101,725 shares of the company’s stock valued at $3,138,000 after purchasing an additional 5,109 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in Hilton Grand Vacations by 3.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 111,285 shares of the company’s stock valued at $3,541,000 after purchasing an additional 3,750 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in Hilton Grand Vacations by 10.7% in the second quarter. Gateway Investment Advisers LLC now owns 130,211 shares of the company’s stock valued at $4,143,000 after purchasing an additional 12,556 shares in the last quarter. Strs Ohio lifted its stake in Hilton Grand Vacations by 28.0% in the second quarter. Strs Ohio now owns 160,000 shares of the company’s stock valued at $5,091,000 after buying an additional 35,000 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its stake in Hilton Grand Vacations by 48.3% in the second quarter. Virginia Retirement Systems ET AL now owns 17,500 shares of the company’s stock valued at $557,000 after buying an additional 5,700 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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