Hilton Grand Vacations (NYSE:HGV) Insider Charles Jr. Corbin Sells 20,691 Shares of Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 20,691 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the sale, the insider directly owned 47,924 shares in the company, valued at $2,247,635.60. This trade represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hilton Grand Vacations Trading Down 1.7%

NYSE HGV opened at $45.66 on Friday. Hilton Grand Vacations Inc. has a 12 month low of $36.79 and a 12 month high of $55.40. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18. The stock’s fifty day moving average price is $50.38 and its 200-day moving average price is $47.08. The stock has a market cap of $3.55 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.44 and a beta of 1.53.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.Hilton Grand Vacations’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. As a group, equities analysts forecast that Hilton Grand Vacations Inc. will post 4.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on HGV. Zacks Research lowered Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. The Goldman Sachs Group reduced their price target on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company lowered their price objective on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Finally, Truist Financial lifted their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.00.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors have recently bought and sold shares of HGV. BlackRock Inc. purchased a new stake in Hilton Grand Vacations in the second quarter worth about $422,842,000. Dimensional Fund Advisors LP lifted its position in shares of Hilton Grand Vacations by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock valued at $151,375,000 after buying an additional 60,624 shares in the last quarter. Mudita Advisors LLP grew its stake in shares of Hilton Grand Vacations by 11.7% during the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after acquiring an additional 273,866 shares during the period. UBS Group AG grew its stake in shares of Hilton Grand Vacations by 34.4% during the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after acquiring an additional 577,772 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock worth $86,680,000 after acquiring an additional 521,109 shares in the last quarter. 97.23% of the stock is owned by 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.