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

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. “

Separately, Macquarie started coverage on shares of Hilton Grand Vacations in a research report on Friday. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.29.

Hilton Grand Vacations (HGV) traded down $0.95 during trading hours on Friday, reaching $41.04. 985,571 shares of the company’s stock were exchanged, compared to its average volume of 569,200. 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 stock has a market cap of $4,070.00 and a PE ratio of 22.43. Hilton Grand Vacations has a one year low of $24.60 and a one year 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 analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $426.00 million during 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 firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. analysts predict that Hilton Grand Vacations will post 1.96 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Hilton Grand Vacations by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $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 third quarter worth about $125,000. New York State Teachers Retirement System bought a new position in shares of Hilton Grand Vacations during the third quarter worth about $201,000. Teacher Retirement System of Texas bought a new position in shares of Hilton Grand Vacations during the third quarter worth about $236,000. Finally, Pacad Investment Ltd. lifted its position in shares of Hilton Grand Vacations by 6.7% during the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock worth $231,000 after purchasing an additional 400 shares during the last quarter. 99.32% of the stock is 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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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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