Hilton Grand Vacations (NYSE:HGV) Trading Down 5.3% – Time to Sell?

Hilton Grand Vacations Inc. (NYSE:HGV)’s share price traded down 5.3% during mid-day trading on Monday . The stock traded as low as $50.20 and last traded at $50.11. 122,809 shares traded hands during trading, a decline of 87% from the average daily volume of 927,414 shares. The stock had previously closed at $52.91.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Truist Financial increased their price objective 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. Wall Street Zen upgraded Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Zacks Research cut Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Morgan Stanley boosted their target price on Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average target price of $56.89.

Hilton Grand Vacations Price Performance

The firm has a market cap of $4.07 billion, a P/E ratio of 27.44, a PEG ratio of 0.46 and a beta of 1.51. 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’s 50-day simple moving average is $49.77 and its two-hundred day simple moving average is $46.62.

Hilton Grand Vacations (NYSE:HGV) last issued 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. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. Equities research analysts forecast that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider owned 68,615 shares in the company, valued at $3,270,190.90. This trade represents a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the sale, the insider owned 904,241 shares in the company, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 229,315 shares of company stock valued at $11,738,497. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in Hilton Grand Vacations by 489.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock worth $66,166,000 after buying an additional 1,314,117 shares during the last quarter. Norges Bank purchased a new stake in Hilton Grand Vacations in the fourth quarter valued at about $32,871,000. Marshall Wace LLP boosted its holdings in Hilton Grand Vacations by 142.6% in the third quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after acquiring an additional 684,025 shares in the last quarter. UBS Group AG grew its stake in shares of Hilton Grand Vacations by 34.4% during the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after acquiring an additional 577,772 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings 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 valued at $86,680,000 after acquiring an additional 521,109 shares in 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.