Charles R. Jr. Corbin Sells 49,389 Shares of Hilton Grand Vacations Inc. (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hilton Grand Vacations Stock Up 4.9 %

Shares of NYSE HGV opened at $44.26 on Tuesday. The firm has a fifty day simple moving average of $38.31 and a two-hundred day simple moving average of $39.29. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $49.02. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $4.36 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 2.28 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Hilton Grand Vacations’s quarterly revenue was up 28.3% on a year-over-year basis. Equities analysts expect that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HGV. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $35.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Mizuho cut their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Barclays upped their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group began coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares in the last quarter. Khrom Capital Management LLC bought a new position in shares of Hilton Grand Vacations in the 2nd quarter worth about $3,872,000. Barnett & Company Inc. bought a new position in shares of Hilton Grand Vacations in the 3rd quarter worth about $1,190,000. Hantz Financial Services Inc. purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at about $2,694,000. Finally, Assenagon Asset Management S.A. boosted its stake in Hilton Grand Vacations by 44.9% during the third quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock worth $5,386,000 after acquiring an additional 45,978 shares in the last quarter. 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.