Charles Jr. Corbin Sells 32,907 Shares of Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 32,907 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total value of $1,568,347.62. Following the completion of the sale, the insider directly owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV traded up $1.42 during midday trading on Tuesday, hitting $49.83. The company had a trading volume of 719,863 shares, compared to its average volume of 801,703. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $52.08. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 0.73 and a beta of 1.49. The business’s 50-day simple moving average is $44.48 and its 200-day simple moving average is $44.35.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts predict that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Hilton Grand Vacations by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock valued at $283,849,000 after acquiring an additional 464,618 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Hilton Grand Vacations by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock valued at $151,375,000 after acquiring an additional 60,624 shares in the last quarter. Mudita Advisors LLP grew its position in Hilton Grand Vacations by 11.7% in the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after acquiring an additional 273,866 shares in the last quarter. UBS Group AG grew its position in Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after acquiring an additional 577,772 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock worth $86,680,000 after acquiring an additional 521,109 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on HGV. Citizens Jmp upped their price target on Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research note on Monday, March 9th. Jefferies Financial Group upped their price target on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Barclays increased their price objective on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Mizuho lowered their price objective on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.22.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.