Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Rating of “Buy” from Brokerages
Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $38.56.
A number of research analysts have recently commented on HGV shares. Nomura reaffirmed a “buy” rating and set a $43.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 15th. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, May 9th. Buckingham Research started coverage on Hilton Grand Vacations in a research report on Monday, June 19th. They set a “buy” rating and a $42.00 price target on the stock. Janney Montgomery Scott reaffirmed a “buy” rating and set a $38.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, April 20th. Finally, Instinet reaffirmed a “buy” rating and set a $45.00 price target (up previously from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd.
In related news, insider Mark D. Wang acquired 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $36.08 per share, for a total transaction of $1,010,240.00. Following the purchase, the insider now owns 312,325 shares in the company, valued at approximately $11,268,686. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after buying an additional 3,500 shares during the last quarter. Pacad Investment Ltd. raised its stake in Hilton Grand Vacations by 6.7% in the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock worth $231,000 after buying an additional 400 shares during the last quarter. Cigna Investments Inc. New bought a new stake in Hilton Grand Vacations during the second quarter worth about $263,000. Quantbot Technologies LP raised its stake in Hilton Grand Vacations by 700.6% in the second quarter. Quantbot Technologies LP now owns 9,111 shares of the company’s stock worth $328,000 after buying an additional 7,973 shares during the last quarter. Finally, Seven Bridges Advisors LLC raised its stake in Hilton Grand Vacations by 93.6% in the second quarter. Seven Bridges Advisors LLC now owns 10,574 shares of the company’s stock worth $381,000 after buying an additional 5,113 shares during the last quarter. Institutional investors own 95.72% of the company’s stock.
Shares of Hilton Grand Vacations (NYSE:HGV) traded up 1.32% during mid-day trading on Friday, hitting $34.50. The stock had a trading volume of 484,095 shares. The firm has a market capitalization of $3.42 billion and a PE ratio of 19.64. Hilton Grand Vacations has a 1-year low of $24.60 and a 1-year high of $37.94. The stock’s 50-day moving average is $36.09 and its 200-day moving average is $32.96.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 EPS 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 firm’s revenue was up 12.3% on a year-over-year basis. Equities analysts expect that Hilton Grand Vacations will post $1.93 earnings per share for the current year.
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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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