Hilton Grand Vacations (NYSE:HGV) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Hilton Grand Vacations (NYSE:HGV) from an underweight rating to a neutral rating in a research report released on Tuesday morning, The Fly reports. They currently have $33.00 target price on the stock.

Several other analysts have also recently weighed in on the company. TheStreet cut Hilton Grand Vacations from a b- rating to a c rating in a report on Tuesday, May 7th. Zacks Investment Research cut Hilton Grand Vacations from a buy rating to a sell rating in a research note on Wednesday, August 7th. ValuEngine cut Hilton Grand Vacations from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, Nomura reaffirmed a neutral rating on shares of Hilton Grand Vacations in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $36.50.

Shares of NYSE:HGV opened at $31.79 on Tuesday. The stock has a market capitalization of $2.73 billion, a P/E ratio of 10.42, a P/E/G ratio of 1.60 and a beta of 2.04. Hilton Grand Vacations has a 1-year low of $24.17 and a 1-year high of $33.99. The company has a current ratio of 4.77, a quick ratio of 3.50 and a debt-to-equity ratio of 3.80. The business has a 50-day moving average price of $30.15 and a two-hundred day moving average price of $30.38.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $454.44 million. Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, equities analysts predict that Hilton Grand Vacations will post 2.21 EPS for the current year.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 53,547 shares of the company’s stock, valued at approximately $1,486,464.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.05% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Treasurer of the State of North Carolina boosted its position in Hilton Grand Vacations by 12.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 43,442 shares of the company’s stock worth $1,382,000 after acquiring an additional 4,910 shares during the last quarter. UBS Group AG boosted its holdings in shares of Hilton Grand Vacations by 15,193.0% in the 2nd quarter. UBS Group AG now owns 1,335,080 shares of the company’s stock valued at $42,482,000 after buying an additional 1,326,350 shares during the last quarter. Eaton Vance Management boosted its holdings in shares of Hilton Grand Vacations by 20.3% in the 2nd quarter. Eaton Vance Management now owns 70,461 shares of the company’s stock valued at $2,242,000 after buying an additional 11,870 shares during the last quarter. MidWestOne Financial Group Inc. acquired a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $801,000. Finally, Waddell & Reed Financial Inc. boosted its holdings in shares of Hilton Grand Vacations by 6.3% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,320,233 shares of the company’s stock valued at $42,010,000 after buying an additional 78,680 shares during the last quarter. 98.86% of the stock is owned by institutional investors.

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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