Hilton Grand Vacations Inc. (NYSE:HGV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

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. “

Several other research analysts also recently commented on HGV. Buckingham Research started coverage on Hilton Grand Vacations in a research note on Monday, June 19th. They set a “buy” rating and a $42.00 target price for the company. Nomura boosted their target price on 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 reissued a “buy” rating and set a $45.00 target price (up previously from $44.00) on shares of Hilton Grand Vacations in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.78.

Shares of Hilton Grand Vacations (HGV) traded up 0.13% during midday trading on Tuesday, reaching $39.83. 283,353 shares of the company’s stock were exchanged. Hilton Grand Vacations has a 12 month low of $24.60 and a 12 month high of $40.11. The stock has a market cap of $3.95 billion and a PE ratio of 22.67. The company’s 50 day moving average is $37.60 and its 200-day moving average is $35.57.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Wednesday, August 2nd. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $413.33 million. Hilton Grand Vacations’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts forecast that Hilton Grand Vacations will post $1.94 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of Hilton Grand Vacations by 7.3% in the second 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 during the period. Nisa Investment Advisors LLC increased its stake in shares of Hilton Grand Vacations by 129.6% in the second 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 during the period. Pacad Investment Ltd. increased its stake in shares of Hilton Grand Vacations by 6.7% in the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after buying an additional 400 shares during the period. Cigna Investments Inc. New acquired a new position in shares of Hilton Grand Vacations in the second quarter valued at approximately $263,000. Finally, Koch Industries Inc. acquired a new position in shares of Hilton Grand Vacations in the second quarter valued at approximately $268,000. 97.86% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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