Hilton Grand Vacations Inc. (NYSE:HGV) Insider Charles R. Jr. Corbin Sells 49,389 Shares of Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 88,532 shares in the company, valued at $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 is available through this hyperlink.

Hilton Grand Vacations Stock Up 4.9 %

Shares of NYSE HGV opened at $44.26 on Tuesday. 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 business has a 50-day moving average of $38.31 and a 200-day moving average of $39.29. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 2.28 and a beta of 1.82. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its 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 company 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%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Sell-side analysts expect that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on HGV shares. Truist Financial dropped their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Mizuho dropped 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. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. Barclays raised their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Hilton Grand Vacations in the third quarter worth approximately $745,000. Hotchkis & Wiley Capital Management LLC grew its position in Hilton Grand Vacations by 11.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock valued at $8,802,000 after acquiring an additional 24,330 shares during the last quarter. Holocene Advisors LP raised its stake in shares of Hilton Grand Vacations by 56.0% during the third quarter. Holocene Advisors LP now owns 116,072 shares of the company’s stock worth $4,216,000 after acquiring an additional 41,670 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of Hilton Grand Vacations during the third quarter worth approximately $517,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.