Hilton Grand Vacations Inc (NYSE:HGV) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hilton Grand Vacations Inc (NYSE:HGV) have received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $36.33.

HGV has been the subject of several recent analyst reports. ValuEngine cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised shares of Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 target price for the company in a report on Tuesday, August 20th. Zacks Investment Research cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Friday. SunTrust Banks decreased their target price on shares of Hilton Grand Vacations from $43.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Goldman Sachs Group cut shares of Hilton Grand Vacations from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $37.00 in a report on Thursday, September 19th.

In other Hilton Grand Vacations news, insider Barbara L. Hollkamp sold 2,000 shares of Hilton Grand Vacations stock in a transaction dated Monday, September 9th. The shares were 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 can be accessed through this link. 1.05% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lorber David A purchased a new position in shares of Hilton Grand Vacations during the second quarter valued at approximately $74,000. Tower Research Capital LLC TRC purchased a new position in shares of Hilton Grand Vacations during the second quarter valued at approximately $129,000. Cerebellum GP LLC raised its holdings in shares of Hilton Grand Vacations by 1,953.5% during the third quarter. Cerebellum GP LLC now owns 13,964 shares of the company’s stock valued at $447,000 after purchasing an additional 13,284 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of Hilton Grand Vacations by 48.3% during the second quarter. Virginia Retirement Systems ET AL now owns 17,500 shares of the company’s stock valued at $557,000 after purchasing an additional 5,700 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Hilton Grand Vacations by 34.3% during the second quarter. OMERS ADMINISTRATION Corp now owns 18,000 shares of the company’s stock valued at $581,000 after purchasing an additional 4,600 shares during the last quarter.

NYSE HGV traded up $0.04 during trading hours on Friday, reaching $34.34. 507,544 shares of the company’s stock traded hands, compared to its average volume of 1,345,325. Hilton Grand Vacations has a 52-week low of $24.17 and a 52-week high of $36.00. The firm has a market cap of $2.95 billion, a PE ratio of 11.26, a PEG ratio of 1.82 and a beta of 1.97. The firm has a 50-day simple moving average of $33.15 and a 200 day simple moving average of $30.80. The company has a debt-to-equity ratio of 3.80, a current ratio of 4.77 and a quick ratio of 3.50.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $454.44 million. Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The firm’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. Sell-side analysts forecast that Hilton Grand Vacations will post 2.09 EPS for the current fiscal year.

Hilton Grand Vacations Company Profile

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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