Zacks Investment Research upgraded shares of Hilton Grand Vacations Inc. (NYSE:HGV) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $41.00 target price on the stock.

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. “

HGV has been the topic of a number of other reports. Nomura lifted their price target on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the company a buy rating in a report on Thursday, August 3rd. Instinet reiterated a buy rating and issued a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a report on Thursday, August 3rd. Buckingham Research started coverage on shares of Hilton Grand Vacations in a report on Monday, June 19th. They issued a buy rating and a $42.00 price target on the stock. Janney Montgomery Scott reiterated a buy rating and issued a $38.00 price target on shares of Hilton Grand Vacations in a report on Thursday, April 20th. Finally, J P Morgan Chase & Co started coverage on shares of Hilton Grand Vacations in a report on Wednesday, April 12th. They issued an overweight rating and a $37.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of $38.56.

Hilton Grand Vacations (NYSE:HGV) traded down 1.93% on Tuesday, hitting $35.06. The stock had a trading volume of 192,626 shares. Hilton Grand Vacations has a 52-week low of $24.60 and a 52-week high of $37.94. The company has a market cap of $3.47 billion and a P/E ratio of 19.95. The stock’s 50-day moving average is $36.31 and its 200-day moving average is $32.69.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $439 million for the quarter, compared to analysts’ expectations of $413.33 million. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Hilton Grand Vacations will post $1.95 earnings per share for the current year.

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In other Hilton Grand Vacations news, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total value of $341,610,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark D. Wang purchased 28,000 shares of Hilton Grand Vacations stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $36.08 per share, for a total transaction of $1,010,240.00. Following the completion of the acquisition, the insider now owns 312,325 shares in the company, valued at approximately $11,268,686. The disclosure for this purchase can be found here. Insiders own 0.46% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. First Quadrant L P CA bought a new stake in shares of Hilton Grand Vacations during the second quarter worth about $2,911,000. Gateway Investment Advisers LLC increased its stake in Hilton Grand Vacations by 220.5% in the second quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock worth $3,227,000 after buying an additional 61,562 shares during the period. Highland Capital Management LLC acquired a new stake in Hilton Grand Vacations during the second quarter worth $914,000. Spark Investment Management LLC increased its stake in Hilton Grand Vacations by 151.7% in the second quarter. Spark Investment Management LLC now owns 159,800 shares of the company’s stock worth $5,762,000 after buying an additional 96,300 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in Hilton Grand Vacations by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock worth $404,000 after buying an additional 199 shares during the period. Institutional investors own 95.72% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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