Hilton Grand Vacations Inc (NYSE:HGV) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $42.80.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. ValuEngine cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Goldman Sachs Group lowered their price objective on Hilton Grand Vacations to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, November 27th. Macquarie upgraded Hilton Grand Vacations from a “neutral” rating to an “outperform” rating in a research note on Thursday, November 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Hilton Grand Vacations from $47.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd.
In related news, Director David William Johnson purchased 7,000 shares of the firm’s stock in a transaction dated Monday, December 10th. The shares were purchased at an average cost of $28.54 per share, for a total transaction of $199,780.00. Following the completion of the transaction, the director now directly owns 43,135 shares in the company, valued at approximately $1,231,072.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Hilton Grand Vacations by 19.7% during the second quarter. FMR LLC now owns 13,605,392 shares of the company’s stock worth $472,108,000 after purchasing an additional 2,239,716 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Hilton Grand Vacations by 2.9% during the second quarter. Bank of America Corp DE now owns 226,788 shares of the company’s stock worth $7,870,000 after purchasing an additional 6,486 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Hilton Grand Vacations by 6.7% during the second quarter. Northern Trust Corp now owns 533,769 shares of the company’s stock worth $18,522,000 after purchasing an additional 33,346 shares in the last quarter. Scout Investments Inc. grew its holdings in shares of Hilton Grand Vacations by 3.5% during the third quarter. Scout Investments Inc. now owns 527,422 shares of the company’s stock worth $17,458,000 after purchasing an additional 17,677 shares in the last quarter. Finally, First Hawaiian Bank purchased a new position in shares of Hilton Grand Vacations during the third quarter worth about $247,000. Hedge funds and other institutional investors own 93.97% of the company’s stock.
Shares of NYSE:HGV traded up $0.85 during midday trading on Tuesday, reaching $30.63. The company had a trading volume of 24,490 shares, compared to its average volume of 995,504. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.35 and a current ratio of 4.69. The company has a market capitalization of $2.86 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.13 and a beta of 1.69. Hilton Grand Vacations has a 52-week low of $24.17 and a 52-week high of $47.75.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare 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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