Hilton Grand Vacations (NYSE:HGV) Shares Gap Down – Time to Sell?

Hilton Grand Vacations Inc. (NYSE:HGV)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $51.23, but opened at $48.84. Hilton Grand Vacations shares last traded at $48.9010, with a volume of 15,950 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on HGV. Wells Fargo & Company reduced their price objective on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Wall Street Zen upgraded shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. The Goldman Sachs Group raised shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Monday, June 1st. Finally, Barclays boosted their price objective on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.89.

Hilton Grand Vacations Price Performance

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 company has a market capitalization of $3.94 billion, a PE ratio of 26.55, a PEG ratio of 0.46 and a beta of 1.51. The firm has a 50-day moving average of $49.82 and a 200 day moving average of $46.65.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $0.09 EPS. Hilton Grand Vacations’s revenue was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that Hilton Grand Vacations Inc. will post 5.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the sale, the insider directly owned 14,080 shares in the company, valued at $657,395.20. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the transaction, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. The trade was a 32.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 229,315 shares of company stock valued at $11,738,497 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of large investors have recently added to or reduced their stakes in the stock. Bard Associates Inc. purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the last quarter. Leonteq Securities AG boosted its stake in shares of Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after buying an additional 440 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after acquiring an additional 349 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Hilton Grand Vacations in the fourth quarter worth $44,000. 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.