Hilton Grand Vacations (HGV) Lowered to Sell at Zacks Investment Research

Hilton Grand Vacations (NYSE:HGV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, 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. “

Several other equities analysts have also recently issued reports on the company. TheStreet cut Hilton Grand Vacations from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Friday, May 3rd. Credit Suisse Group reiterated an “outperform” rating and issued a $37.00 price objective on shares of Hilton Grand Vacations in a research note on Wednesday, March 20th. SunTrust Banks lifted their price objective on Hilton Grand Vacations to $51.00 and gave the company a “buy” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Finally, ValuEngine cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $37.33.

Shares of HGV opened at $25.86 on Thursday. The company has a debt-to-equity ratio of 2.78, a current ratio of 5.12 and a quick ratio of 3.77. The stock has a market capitalization of $2.45 billion, a PE ratio of 8.48, a P/E/G ratio of 1.11 and a beta of 1.66. Hilton Grand Vacations has a 1 year low of $24.17 and a 1 year high of $40.65.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.05). The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $455.20 million. Hilton Grand Vacations had a net margin of 15.51% and a return on equity of 56.92%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, sell-side analysts expect that Hilton Grand Vacations will post 2.7 EPS for the current year.

In other Hilton Grand Vacations news, Director Leonard Potter bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $27.50 per share, for a total transaction of $275,000.00. Following the completion of the purchase, the director now directly owns 72,348 shares in the company, valued at $1,989,570. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.05% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in Hilton Grand Vacations by 0.8% during the third quarter. Legal & General Group Plc now owns 47,212 shares of the company’s stock worth $1,563,000 after purchasing an additional 390 shares during the last quarter. BB&T Securities LLC increased its position in Hilton Grand Vacations by 4.2% during the fourth quarter. BB&T Securities LLC now owns 13,142 shares of the company’s stock worth $346,000 after buying an additional 534 shares during the period. Rhumbline Advisers increased its position in Hilton Grand Vacations by 0.6% during the first quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock worth $2,900,000 after buying an additional 594 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hilton Grand Vacations by 10.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,552 shares of the company’s stock worth $173,000 after buying an additional 639 shares during the period. Finally, California State Teachers Retirement System increased its position in Hilton Grand Vacations by 0.5% during the first quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock worth $4,720,000 after buying an additional 693 shares during the period.

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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