Hilton Grand Vacations (NYSE:HGV) Insider Charles Jr. Corbin Sells 30,426 Shares of Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 30,426 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the sale, the insider owned 60,270 shares in the company, valued at approximately $2,519,888.70. The trade was a 33.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hilton Grand Vacations Stock Down 3.0%

Hilton Grand Vacations stock opened at $40.60 on Wednesday. The company has a debt-to-equity ratio of 4.67, a quick ratio of 3.12 and a current ratio of 5.02. The business’s 50-day simple moving average is $44.30 and its two-hundred day simple moving average is $42.88. The company has a market cap of $3.47 billion, a PE ratio of 73.82, a PEG ratio of 4.14 and a beta of 1.66. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.41). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations announced that its board has authorized a stock buyback plan on Wednesday, August 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have weighed in on HGV. The Goldman Sachs Group reiterated a “sell” rating and set a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Truist Financial dropped their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Mizuho raised their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hilton Grand Vacations in a report on Wednesday, October 8th. Finally, Barclays raised their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus price target of $54.71.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of HGV. North Peak Capital Management LLC boosted its position in Hilton Grand Vacations by 11.3% during the second quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after purchasing an additional 693,495 shares in the last quarter. Norges Bank purchased a new position in Hilton Grand Vacations during the second quarter worth approximately $23,163,000. Long Pond Capital LP boosted its position in Hilton Grand Vacations by 32.1% during the first quarter. Long Pond Capital LP now owns 1,829,495 shares of the company’s stock worth $68,441,000 after purchasing an additional 444,240 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hilton Grand Vacations by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company’s stock worth $125,737,000 after purchasing an additional 425,925 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Hilton Grand Vacations during the first quarter worth approximately $10,467,000. 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.