Macquarie initiated coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a report released on Friday morning, MarketBeat.com reports. The firm issued a neutral rating on the stock.
Separately, Zacks Investment Research upgraded shares of Hilton Grand Vacations from a hold rating to a buy rating and set a $47.00 price objective on the stock in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hilton Grand Vacations currently has an average rating of Buy and a consensus price target of $41.29.
Shares of Hilton Grand Vacations (NYSE:HGV) opened at $42.03 on Friday. The company has a current ratio of 4.50, a quick ratio of 3.39 and a debt-to-equity ratio of 3.29. The firm has a market cap of $4,066.61 and a price-to-earnings ratio of 22.97. Hilton Grand Vacations has a 52-week low of $24.60 and a 52-week high of $43.19.
Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $426.00 million for the quarter, compared to analysts’ expectations of $435.83 million. Hilton Grand Vacations had a net margin of 10.84% and a return on equity of 72.15%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. sell-side analysts expect that Hilton Grand Vacations will post 1.96 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings 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 purchasing an additional 202 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Hilton Grand Vacations during the 3rd quarter valued at $125,000. New York State Teachers Retirement System bought a new position in shares of Hilton Grand Vacations during the 3rd quarter valued at $201,000. Teacher Retirement System of Texas bought a new position in shares of Hilton Grand Vacations during the 3rd quarter valued at $236,000. Finally, Pacad Investment Ltd. grew its holdings 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 purchasing an additional 400 shares during the last quarter. 99.32% of the stock is currently owned by institutional investors.
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About Hilton Grand Vacations
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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