Analysts Set Hilton Grand Vacations Inc. (HGV) PT at $38.25

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have been given an average rating of “Buy” by the nine ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $38.25.

HGV has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, September 27th. Nomura boosted their price target on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Instinet reiterated a “buy” rating and issued a $45.00 price target (up previously from $44.00) on shares of Hilton Grand Vacations in a research note on Thursday, August 3rd.

In other Hilton Grand Vacations news, Director David William Johnson bought 28,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $35.16 per share, for a total transaction of $984,480.00. Following the transaction, the director now owns 33,000 shares of the company’s stock, valued at $1,160,280. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of Hilton Grand Vacations by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after buying an additional 202 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Hilton Grand Vacations by 129.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after buying an additional 3,500 shares in the last quarter. Pacad Investment Ltd. raised its position in shares of Hilton Grand Vacations by 6.7% during the 2nd quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after buying an additional 400 shares in the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at about $263,000. Finally, Quantbot Technologies LP raised its position in shares of Hilton Grand Vacations by 700.6% during the 2nd quarter. Quantbot Technologies LP now owns 9,111 shares of the company’s stock valued at $328,000 after buying an additional 7,973 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

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Hilton Grand Vacations (NYSE HGV) traded up 0.39% during midday trading on Wednesday, reaching $40.68. The company’s stock had a trading volume of 256,156 shares. Hilton Grand Vacations has a one year low of $24.60 and a one year high of $40.82. The firm has a 50 day moving average price of $38.66 and a 200 day moving average price of $36.20. The firm has a market cap of $4.03 billion and a P/E ratio of 23.15.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $413.33 million. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that Hilton Grand Vacations will post $1.94 EPS for the current fiscal year.

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.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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