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.

Specifically, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

HGV has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price for the company. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $36.00 in a report on Friday, August 9th. Two research 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, Hilton Grand Vacations has an average rating of “Hold” and an average target price of $43.86.

Hilton Grand Vacations Stock Performance

The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $4.10 billion, a P/E ratio of 47.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.82. The business’s 50 day simple moving average is $38.55 and its two-hundred day simple moving average is $39.30.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share 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 the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HGV. FMR LLC increased its holdings in Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after buying an additional 917,397 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hilton Grand Vacations by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after acquiring an additional 162,459 shares during the period. Long Pond Capital LP raised its holdings in shares of Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after purchasing an additional 823,228 shares during the last quarter. Finally, Mudita Advisors LLP lifted its position in Hilton Grand Vacations by 1.1% during the third quarter. Mudita Advisors LLP now owns 916,765 shares of the company’s stock valued at $33,297,000 after purchasing an additional 9,800 shares during the period. Hedge funds and other 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.