Hilton Grand Vacations (NYSE:HGV) Downgraded by ValuEngine

ValuEngine lowered shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

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

Shares of NYSE HGV traded down $1.68 during mid-day trading on Thursday, hitting $26.46. 5,805,450 shares of the company were exchanged, compared to its average volume of 1,615,315. The company has a debt-to-equity ratio of 2.78, a quick ratio of 3.77 and a current ratio of 5.12. The business’s 50 day moving average is $31.41. Hilton Grand Vacations has a 1-year low of $24.17 and a 1-year high of $34.65. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.20 and a beta of 2.04.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The business 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 43.64% and a net margin of 12.92%. The company’s revenue was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. On average, equities analysts anticipate that Hilton Grand Vacations will post 2.61 EPS for the current year.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of the firm’s stock in a transaction 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 $1,486,464.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Leonard Potter purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was purchased at an average price of $27.50 per share, with a total value of $275,000.00. Following the transaction, the director now owns 72,348 shares of the company’s stock, valued at $1,989,570. The disclosure for this purchase can be found here. Corporate insiders own 1.05% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of Hilton Grand Vacations by 0.6% in the first quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock valued at $2,900,000 after buying an additional 594 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Hilton Grand Vacations by 0.5% in the first quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock valued at $4,720,000 after buying an additional 693 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in shares of Hilton Grand Vacations in the first quarter valued at $30,000. State Board of Administration of Florida Retirement System increased its position in shares of Hilton Grand Vacations by 1.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 93,684 shares of the company’s stock valued at $2,890,000 after buying an additional 1,450 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position 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 buying an additional 1,736 shares in 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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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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