Key Points
- Hilton Grand Vacations insider Charles Jr. Corbin sold 20,691 shares at an average price of $46.90, totaling approximately $970,408. The sale reduced his ownership by 30.16%, leaving him with 47,924 shares.
- HGV shares opened at $45.66, down 1.7%, with a market capitalization of about $3.55 billion. The stock recently traded between a 52-week low of $36.79 and high of $55.40.
- The company’s latest quarterly results missed analyst expectations, reporting $0.89 EPS versus $0.94 expected and revenue of $1.36 billion versus $1.38 billion expected. Analysts maintain a consensus “Hold” rating with an average price target of $56.00.
Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) insider Charles Jr. Corbin sold 20,691 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the sale, the insider owned 47,924 shares in the company, valued at $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Hilton Grand Vacations Trading Down 1.7%
Shares of Hilton Grand Vacations stock opened at $45.66 on Friday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. The company has a fifty day moving average of $50.38 and a 200 day moving average of $47.08. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $55.40.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.94 by ($0.05). The business 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%.The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. On average, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 4.79 earnings per share for the current fiscal year.
Institutional Trading of Hilton Grand Vacations
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $422,842,000. Deutsche Bank AG bought a new stake in Hilton Grand Vacations in the second quarter worth $7,061,000. Persistent Asset Partners Ltd purchased a new stake in Hilton Grand Vacations during the second quarter valued at $63,000. Bank of New York Mellon Corp purchased a new stake in Hilton Grand Vacations during the second quarter valued at $18,750,000. Finally, State of Wyoming bought a new position in Hilton Grand Vacations during the second quarter valued at $311,000. 97.23% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently commented on HGV. Weiss Ratings reissued a "hold (c)" rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Morgan Stanley upped their target price on shares of Hilton Grand Vacations from $55.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, July 17th. Wells Fargo & Company cut their target price 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 cut shares of Hilton Grand Vacations from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $56.00.
Read Our Latest Stock Analysis on HGV
About Hilton Grand Vacations
(
Get Free Report)
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.
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