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

Hilton Grand Vacations Inc. (NYSE:HGV)’s share 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 traded.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HGV shares. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price for the company. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price objective for the company from $55.00 to $35.00 in a research note on Friday, August 9th. Barclays raised their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Mizuho lowered 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.86.

Hilton Grand Vacations Stock Up 0.2 %

The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 47.43, a P/E/G ratio of 2.40 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. The firm’s 50 day moving average is $38.65 and its two-hundred day moving average is $39.31.

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

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds have recently made changes to their positions in HGV. Khrom Capital Management LLC acquired a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at $3,872,000. Barnett & Company Inc. acquired a new position in Hilton Grand Vacations in the third quarter valued at $1,190,000. Hantz Financial Services Inc. purchased a new stake in Hilton Grand Vacations during the second quarter valued at about $2,694,000. Assenagon Asset Management S.A. increased 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 during the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter worth about $786,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.