Hilton Grand Vacations Inc (HGV) Receives Average Recommendation of “Buy” from Brokerages
Hilton Grand Vacations Inc (NYSE:HGV) has been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $38.25.
Separately, Zacks Investment Research cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.
Hilton Grand Vacations (NYSE:HGV) traded down $0.66 on Thursday, hitting $41.41. 338,995 shares of the stock traded hands, compared to its average volume of 695,610. The company has a debt-to-equity ratio of 3.29, a current ratio of 4.50 and a quick ratio of 3.39. Hilton Grand Vacations has a 1 year low of $24.60 and a 1 year high of $43.19. The stock has a market capitalization of $4,170.00 and a PE ratio of 23.17.
A number of hedge funds have recently made changes to their positions in HGV. Alliancebernstein L.P. increased its holdings in Hilton Grand Vacations by 7,430.7% during the second quarter. Alliancebernstein L.P. now owns 2,245,594 shares of the company’s stock valued at $80,976,000 after buying an additional 2,215,775 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Hilton Grand Vacations by 1,127.9% during the second quarter. Wells Fargo & Company MN now owns 1,824,671 shares of the company’s stock valued at $65,798,000 after buying an additional 1,676,070 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Hilton Grand Vacations by 138.9% during the second quarter. Principal Financial Group Inc. now owns 1,559,415 shares of the company’s stock valued at $56,233,000 after buying an additional 906,791 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in Hilton Grand Vacations by 184.8% during the second quarter. Balyasny Asset Management LLC now owns 1,248,638 shares of the company’s stock valued at $45,026,000 after buying an additional 810,222 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Hilton Grand Vacations by 17.5% in the second quarter. Vanguard Group Inc. now owns 5,285,950 shares of the company’s stock worth $190,611,000 after purchasing an additional 788,628 shares during the period. 99.35% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with MarketBeat.com's FREE daily email newsletter.