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

Hilton Grand Vacations Inc. (NYSE:HGV)’s stock price gapped down prior to trading 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 business’s stock in a transaction that occurred on 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 sale, the insider now owns 88,532 shares of the company’s stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HGV shares. Barclays lifted 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. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Mizuho dropped their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group began coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price for the company. Finally, Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price target for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus target price of $43.86.

Hilton Grand Vacations Trading Down 5.9 %

The stock has a fifty day moving average of $38.55 and a two-hundred day moving average of $39.30. The company has a market capitalization of $4.10 billion, a PE ratio of 47.31, a PEG ratio of 2.28 and a beta of 1.82. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $0.98 earnings per share. The company’s revenue was up 28.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Several hedge funds have recently added to or reduced their stakes in the business. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations in the third quarter worth about $25,000. nVerses Capital LLC purchased a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $32,000. Blue Trust Inc. increased its stake in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the period. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations in the second quarter valued at approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $120,000. 97.23% of the stock is 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.