Hilton Grand Vacations (NYSE:HGV) Sees Large Volume Increase – Here’s What Happened

Hilton Grand Vacations Inc. (NYSE:HGV) saw unusually-high trading volume on Monday . 1,402,192 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 896,590 shares.The stock last traded at $52.7290 and had previously closed at $52.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citizens Jmp boosted their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research note on Monday, March 9th. Wall Street Zen upgraded Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research lowered Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Truist Financial increased their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Mizuho cut their price target on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.89.

Hilton Grand Vacations Trading Down 1.2%

The stock has a 50-day moving average price of $48.37 and a two-hundred day moving average price of $45.80. The stock has a market capitalization of $4.13 billion, a PE ratio of 27.87, a PEG ratio of 0.47 and a beta of 1.50. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. The business 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 company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, equities analysts forecast that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current 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 completion of the sale, the insider owned 68,615 shares in the company, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This represents a 28.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 229,315 shares of company stock valued at $11,738,497. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HGV. Bard Associates Inc. purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its stake in Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares in the last quarter. Leonteq Securities AG grew its stake in Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC increased its holdings in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after acquiring an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Hilton Grand Vacations in the 4th quarter worth $44,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

About Hilton Grand Vacations

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.