Hilton Grand Vacations (NYSE:HGV) Share Price Breaks Above Two Hundred Day Moving Average After Insider Selling

Hilton Grand Vacations Inc. (NYSE:HGV)’s stock price passed above its 200-day moving average during trading on Monday following insider buying activity. The stock has a 200-day moving average of $44.50 and traded as high as $44.93. Hilton Grand Vacations shares last traded at $44.66, with a volume of 1,364,637 shares traded.

Specifically, insider Mark Wang bought 12,200 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average price of $40.92 per share, for a total transaction of $499,224.00. Following the purchase, the insider directly owned 916,715 shares in the company, valued at $37,511,977.80. This trade represents a 1.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of research analyst reports. Citizens Jmp lowered Hilton Grand Vacations from a “market outperform” rating to a “market perform” rating in a report on Monday, November 2nd. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, November 3rd. Citigroup cut Hilton Grand Vacations from a “market outperform” rating to a “market perform” rating in a research report on Monday, November 2nd. Wall Street Zen raised Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and an average price target of $49.10.

Hilton Grand Vacations Trading Up 1.6%

The company has a debt-to-equity ratio of 5.29, a current ratio of 5.15 and a quick ratio of 3.35. The company’s 50 day moving average is $37.57 and its two-hundred day moving average is $44.50. The firm has a market cap of $3.39 billion, a P/E ratio of 8.61, a PEG ratio of 0.31 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, October 29th. The company reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $2.95. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.39 billion. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. The company’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. On average, sell-side analysts predict that Hilton Grand Vacations Inc. will post 6.38 earnings per share for the current year.

Hilton Grand Vacations announced that its Board of Directors has authorized a stock buyback program on Thursday, August 20th that permits the company to buy back $600 million in outstanding shares. This buyback authorization permits the company to repurchase up to 17% of its stock through open market purchases. Share buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Hilton Grand Vacations

Institutional investors have recently modified their holdings of the company. Nykredit A S bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $38,000. Allworth Financial LP bought a new position in Hilton Grand Vacations in the second quarter worth $43,000. Covestor Ltd lifted its position in Hilton Grand Vacations by 17.3% in the third quarter. Covestor Ltd now owns 1,800 shares of the company’s stock worth $62,000 after purchasing an additional 265 shares during the period. Persistent Asset Partners Ltd bought a new position in Hilton Grand Vacations in the second quarter worth $63,000. Finally, Sterling Capital Management LLC boosted its stake in Hilton Grand Vacations by 912.6% during the third quarter. Sterling Capital Management LLC now owns 2,015 shares of the company’s stock worth $70,000 after buying an additional 1,816 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a vacation ownership company that develops, markets and operates resorts and sells vacation ownership interests. Its offerings include points-based vacation clubs that let members use their ownership interests to book stays at participating resorts and destinations.

The company serves vacationers through resorts and club offerings in the United States and international destinations, including locations in the Caribbean, Europe and Asia-Pacific. Its portfolio includes properties associated with the Hilton Grand Vacations brand and other vacation ownership brands.

Hilton Grand Vacations became an independent publicly traded company in 2017 after being spun off from Hilton Worldwide.