Charles Jr. Corbin Sells 32,907 Shares of Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 32,907 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares in the company, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $51.35 on Thursday. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The business’s 50-day simple moving average is $44.86 and its two-hundred day simple moving average is $44.49. The stock has a market cap of $4.10 billion, a PE ratio of 27.46, a P/E/G ratio of 0.75 and a beta of 1.49. Hilton Grand Vacations Inc. has a 52 week low of $36.79 and a 52 week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. As a group, analysts forecast that Hilton Grand Vacations Inc. will post 3.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Hilton Grand Vacations by 7.3% during the third quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock valued at $283,849,000 after buying an additional 464,618 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hilton Grand Vacations by 1.6% during the first 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 during the period. Mudita Advisors LLP boosted its position in shares of Hilton Grand Vacations by 11.7% during the fourth quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock valued at $116,664,000 after buying an additional 273,866 shares during the period. UBS Group AG boosted its position in shares of Hilton Grand Vacations by 34.4% during the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after buying an additional 577,772 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Hilton Grand Vacations by 36.8% during the fourth quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock valued at $86,680,000 after buying an additional 521,109 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HGV has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “sell” rating and set a $40.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Zacks Research upgraded Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Truist Financial raised their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Barclays lifted their price target on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $55.22.

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.