Hilton Grand Vacations (HGV) Downgraded to “Hold” at Zacks Investment Research

Hilton Grand Vacations (NYSE:HGV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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. “

Separately, Macquarie started coverage on shares of Hilton Grand Vacations in a report on Friday. They issued a “neutral” rating for the company. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hilton Grand Vacations has an average rating of “Buy” and a consensus price target of $41.29.

Hilton Grand Vacations (HGV) traded down $0.95 during trading hours on Friday, hitting $41.04. 985,571 shares of the stock traded hands, compared to its average volume of 569,200. Hilton Grand Vacations has a one year low of $24.60 and a one year high of $43.19. The company has a market cap of $4,070.00 and a price-to-earnings ratio of 22.43. The company has a debt-to-equity ratio of 3.29, a quick ratio of 3.39 and a current ratio of 4.50.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, November 1st. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Hilton Grand Vacations had a net margin of 10.84% and a return on equity of 72.15%. The company had revenue of $426.00 million during the quarter, compared to analysts’ expectations of $435.83 million. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. equities analysts forecast that Hilton Grand Vacations will post 1.96 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in shares of Hilton Grand Vacations by 14.2% in the third quarter. Public Employees Retirement System of Ohio now owns 30,949 shares of the company’s stock worth $1,196,000 after buying an additional 3,857 shares during the period. California Public Employees Retirement System lifted its position in shares of Hilton Grand Vacations by 2.2% in the third quarter. California Public Employees Retirement System now owns 77,497 shares of the company’s stock worth $2,994,000 after purchasing an additional 1,700 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Hilton Grand Vacations by 6.0% in the third quarter. Bamco Inc. NY now owns 558,758 shares of the company’s stock worth $21,585,000 after purchasing an additional 31,630 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Hilton Grand Vacations in the third quarter worth approximately $312,000. Finally, Highbridge Capital Management LLC lifted its position in shares of Hilton Grand Vacations by 81.3% in the third quarter. Highbridge Capital Management LLC now owns 59,908 shares of the company’s stock worth $2,314,000 after purchasing an additional 26,861 shares in the last quarter. Institutional investors own 99.32% of the company’s stock.

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Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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