Principal Holdings A. Gp Apollo Sells 4,000,000 Shares of Hilton Grand Vacations Inc. (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the sale, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock traded up $0.10 during trading hours on Wednesday, reaching $41.74. The company had a trading volume of 1,290,826 shares, compared to its average volume of 788,925. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $49.02. The business has a fifty day simple moving average of $38.65 and a 200 day simple moving average of $39.31. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm has a market cap of $4.11 billion, a PE ratio of 47.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data 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 company had revenue of $1.31 billion during 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 business’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 posted $0.98 EPS. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HGV shares. Truist Financial cut 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 research report on Tuesday. The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, Barclays lifted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and an average price target of $43.86.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC bought a new position in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $25,000. nVerses Capital LLC bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth about $32,000. Blue Trust Inc. raised its position in Hilton Grand Vacations by 141.7% during 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 period. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations during the second quarter valued at $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Hilton Grand Vacations during the second quarter valued at approximately $120,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.