Hilton Grand Vacations (NYSE:HGV) Trading 6.8% Higher

Hilton Grand Vacations Inc (NYSE:HGV) shares traded up 6.8% on Friday . The company traded as high as $27.76 and last traded at $27.62, 3,185,691 shares traded hands during trading. An increase of 120% from the average session volume of 1,448,771 shares. The stock had previously closed at $25.87.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $30.00 to $24.00 in a research note on Friday, August 2nd. Nomura reaffirmed a “neutral” rating on shares of Hilton Grand Vacations in a research note on Thursday, August 1st. TheStreet downgraded Hilton Grand Vacations from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. Finally, Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.20.

The stock has a 50 day moving average of $30.40 and a two-hundred day moving average of $30.39. The company has a debt-to-equity ratio of 3.80, a quick ratio of 3.50 and a current ratio of 4.77. The firm has a market capitalization of $2.30 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.35 and a beta of 2.04.

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

In related news, insider Barbara L. Hollkamp sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.05% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. grew its holdings in Hilton Grand Vacations by 0.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 116,735 shares of the company’s stock valued at $3,715,000 after buying an additional 547 shares during the last quarter. Rhumbline Advisers grew its holdings in Hilton Grand Vacations by 0.6% in the 1st quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock valued at $2,900,000 after buying an additional 594 shares during the last quarter. California State Teachers Retirement System grew its holdings in Hilton Grand Vacations by 0.5% in the 1st 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 during the last quarter. Pittenger & Anderson Inc. acquired a new stake in Hilton Grand Vacations in the 1st quarter valued at approximately $30,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Hilton Grand Vacations by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 511,197 shares of the company’s stock valued at $16,267,000 after buying an additional 1,412 shares during the last quarter.

About Hilton Grand Vacations (NYSE:HGV)

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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