Charles Jr. Corbin Sells 20,691 Shares of Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 20,691 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the sale, the insider directly owned 47,924 shares in the company, valued at $2,247,635.60. This trade represents a 30.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hilton Grand Vacations Stock Down 1.7%

HGV stock opened at $45.66 on Friday. The company’s 50 day simple moving average is $50.38 and its 200-day simple moving average is $47.08. The firm has a market capitalization of $3.55 billion, a PE ratio of 25.80, a P/E/G ratio of 0.43 and a beta of 1.53. Hilton Grand Vacations Inc. has a 12 month low of $36.79 and a 12 month high of $55.40. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts expect that Hilton Grand Vacations Inc. will post 4.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HGV shares. Zacks Research cut Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Mizuho decreased their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company dropped their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Barclays cut their target price on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Finally, Truist Financial upped their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Hilton Grand Vacations in the second quarter worth approximately $422,842,000. Arrowstreet Capital Limited Partnership increased its position in Hilton Grand Vacations by 489.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock worth $66,166,000 after purchasing an additional 1,314,117 shares during the last quarter. Norges Bank purchased a new position in Hilton Grand Vacations during the fourth quarter worth approximately $32,871,000. Marshall Wace LLP raised its stake in Hilton Grand Vacations by 142.6% during the third quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after purchasing an additional 684,025 shares during the period. Finally, UBS Group AG boosted its holdings in shares of 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 purchasing an additional 577,772 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.