Hilton Grand Vacations Inc. (NYSE:HGV) Lowered to “Hold” at Zacks Investment Research
Hilton Grand Vacations Inc. (NYSE:HGV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
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 subject of several other research reports. Nomura reaffirmed a “buy” rating and set a $43.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, May 5th. Buckingham Research started coverage on shares of Hilton Grand Vacations in a research note on Monday, June 19th. They set a “buy” rating and a $42.00 price objective for the company. Janney Montgomery Scott reaffirmed a “buy” rating and set a $38.00 price objective on shares of Hilton Grand Vacations in a research note on Thursday, April 20th. Finally, J P Morgan Chase & Co assumed coverage on shares of Hilton Grand Vacations in a research note on Wednesday, April 12th. They set an “overweight” rating and a $37.00 price objective for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $37.33.
Shares of Hilton Grand Vacations (HGV) traded up 0.06% on Thursday, hitting $35.31. 478,034 shares of the company were exchanged. The stock has a market capitalization of $3.50 billion and a PE ratio of 20.41. Hilton Grand Vacations has a 52-week low of $24.60 and a 52-week high of $37.73. The firm’s 50-day moving average is $35.91 and its 200-day moving average is $31.52.
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In other news, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this link. Also, insider Mark D. Wang acquired 28,000 shares of the firm’s stock in a transaction dated 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.
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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