Hilton Grand Vacations (NYSE:HGV) Shares Gap Down on Insider Selling

Hilton Grand Vacations Inc. (NYSE:HGV) gapped down prior to trading on Tuesday following insider selling activity. The stock had previously closed at $44.26, but opened at $42.40. Hilton Grand Vacations shares last traded at $42.36, with a volume of 668,224 shares trading hands.

Specifically, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Mizuho decreased their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price for the company. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.86.

Hilton Grand Vacations Trading Down 4.3 %

The firm has a 50-day moving average of $38.46 and a two-hundred day moving average of $39.30. The firm has a market capitalization of $4.17 billion, a P/E ratio of 50.30, a P/E/G ratio of 2.28 and a beta of 1.82. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the third quarter worth $25,000. nVerses Capital LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter worth about $32,000. Blue Trust Inc. raised its position in Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Hilton Grand Vacations during the second quarter worth about $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Hilton Grand Vacations in the second quarter valued at approximately $120,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.