Hilton Grand Vacations (NYSE:HGV) Shares Gap Down After Insider Selling

Hilton Grand Vacations Inc. (NYSE:HGV)’s share price gapped down before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $44.26, but opened at $42.40. Hilton Grand Vacations shares last traded at $42.36, with a volume of 668,224 shares.

Specifically, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the transaction, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HGV. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Barclays raised their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Mizuho dropped their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price target on the stock. Finally, Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $43.86.

Hilton Grand Vacations Trading Down 4.3 %

The business has a fifty day moving average of $38.46 and a 200-day moving average of $39.30. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company has a market capitalization of $4.17 billion, a P/E ratio of 50.30, a PEG ratio of 2.28 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 28.3% on a year-over-year basis. Analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

Large investors have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after acquiring an additional 188,997 shares during the last quarter. Weiss Asset Management LP purchased a new position in Hilton Grand Vacations during the 3rd quarter worth $745,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Hilton Grand Vacations by 11.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock worth $8,802,000 after acquiring an additional 24,330 shares during the last quarter. Holocene Advisors LP boosted its holdings in Hilton Grand Vacations by 56.0% during the 3rd quarter. Holocene Advisors LP now owns 116,072 shares of the company’s stock worth $4,216,000 after acquiring an additional 41,670 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in Hilton Grand Vacations during the 3rd quarter worth $517,000. 97.23% of the stock is currently owned by institutional investors.

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.