Charles R. Jr. Corbin Sells 49,389 Shares of Hilton Grand Vacations Inc. (NYSE:HGV) Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction on 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 completion of the transaction, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $41.63 on Wednesday. The firm’s fifty day simple moving average is $38.55 and its 200-day simple moving average is $39.30. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The stock has a market cap of $4.10 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.82. Hilton Grand Vacations Inc. has a fifty-two week low of $33.21 and a fifty-two week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. Analysts expect that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in Hilton Grand Vacations in the third quarter valued at $25,000. nVerses Capital LLC purchased a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth about $32,000. Blue Trust Inc. grew its stake in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Hilton Grand Vacations during the second quarter worth about $120,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HGV. Barclays boosted their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.86.

About Hilton Grand Vacations

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.