Hilton Grand Vacations (NYSE:HGV) Lowered to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations (NYSE:HGV) from a neutral rating to an underweight rating in a research report report published on Friday, BenzingaRatingsTable reports. The firm currently has $24.00 price target on the stock, down from their previous price target of $30.00.

Several other equities research analysts have also commented on HGV. Nomura restated a neutral rating on shares of Hilton Grand Vacations in a research report on Thursday. ValuEngine lowered Hilton Grand Vacations from a hold rating to a sell rating in a research report on Thursday. Zacks Investment Research upgraded Hilton Grand Vacations from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Finally, TheStreet lowered Hilton Grand Vacations from a b- rating to a c rating in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $36.00.

Shares of Hilton Grand Vacations stock traded down $1.68 on Friday, hitting $26.46. 5,805,450 shares of the company’s stock traded hands, compared to its average volume of 971,764. Hilton Grand Vacations has a one year low of $24.17 and a one year high of $34.65. 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 firm’s fifty day moving average price is $31.41. The company has a market cap of $2.97 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 1.34 and a beta of 2.04.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 1st. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Hilton Grand Vacations had a net margin of 15.51% and a return on equity of 56.92%. The business had revenue of $454.00 million for the quarter, compared to the consensus estimate of $454.44 million. During the same quarter in the previous year, the company earned $1.10 EPS. The firm’s revenue for the quarter was down 19.4% on a year-over-year basis. As a group, analysts expect that Hilton Grand Vacations will post 2.61 EPS for the current year.

In other news, Director Leonard Potter purchased 10,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $27.50 per share, for a total transaction of $275,000.00. Following the completion of the acquisition, the director now owns 72,348 shares in the company, valued at $1,989,570. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Barbara L. Hollkamp sold 2,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $27.76, for a total value of $55,520.00. Following the completion of the transaction, the insider now owns 53,547 shares in the company, valued at approximately $1,486,464.72. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in HGV. Pittenger & Anderson Inc. bought a new position in shares of Hilton Grand Vacations in the first quarter valued at approximately $30,000. Quadrant Capital Group LLC lifted its holdings in shares of Hilton Grand Vacations by 9,136.8% in the first quarter. Quadrant Capital Group LLC now owns 1,755 shares of the company’s stock valued at $53,000 after purchasing an additional 1,736 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Hilton Grand Vacations in the first quarter valued at approximately $59,000. Poehling Capital Management LLC bought a new position in shares of Hilton Grand Vacations in the first quarter valued at approximately $203,000. Finally, American Assets Investment Management LLC bought a new position in shares of Hilton Grand Vacations in the first quarter valued at approximately $215,000.

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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