Hilton Grand Vacations Inc. (NYSE:HGV) Insider Sells $2,052,112.95 in Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hilton Grand Vacations Stock Up 4.9 %

Shares of Hilton Grand Vacations stock traded up $2.05 on Monday, hitting $44.23. 453,035 shares of the company traded hands, compared to its average volume of 774,827. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $49.02. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company has a market cap of $4.36 billion, a PE ratio of 47.93, a PEG ratio of 2.28 and a beta of 1.82. The company has a 50-day moving average price of $38.31 and a 200 day moving average price of $39.29.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently bought and sold shares of HGV. Blue Trust Inc. grew its stake in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Hilton Grand Vacations in the third quarter worth about $25,000. nVerses Capital LLC acquired a new position in shares of Hilton Grand Vacations during the 2nd quarter worth about $32,000. Russell Investments Group Ltd. boosted its stake in Hilton Grand Vacations by 2.6% during the 1st quarter. Russell Investments Group Ltd. now owns 37,602 shares of the company’s stock valued at $1,775,000 after purchasing an additional 964 shares during the period. Finally, MQS Management LLC increased its position in Hilton Grand Vacations by 7.4% in the 2nd quarter. MQS Management LLC now owns 16,494 shares of the company’s stock worth $667,000 after buying an additional 1,135 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HGV. Mizuho dropped their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Barclays increased their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Truist Financial reduced their price objective on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.00.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.