Insider Selling: Hilton Grand Vacations Inc. (NYSE:HGV) Insider Sells 49,389 Shares of 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 stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This represents a 35.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $41.74 on Thursday. The company has a market cap of $4.11 billion, a P/E ratio of 47.43, a PEG ratio of 2.40 and a beta of 1.82. The company has a fifty day simple moving average of $38.65 and a 200 day simple moving average of $39.31. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $49.02.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HGV shares. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $36.00 in a report on Friday, August 9th. 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 note on Friday, November 8th. Mizuho reduced their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday. 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 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in shares of Hilton Grand Vacations by 2.6% during the 1st quarter. Russell Investments Group Ltd. now owns 37,602 shares of the company’s stock worth $1,775,000 after buying an additional 964 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Hilton Grand Vacations by 1.0% during the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after acquiring an additional 77,934 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Hilton Grand Vacations by 23.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 50,456 shares of the company’s stock worth $2,380,000 after purchasing an additional 9,515 shares during the last quarter. Quadrature Capital Ltd grew its stake in Hilton Grand Vacations by 59.5% in the 1st quarter. Quadrature Capital Ltd now owns 10,980 shares of the company’s stock valued at $518,000 after purchasing an additional 4,096 shares during the period. Finally, Wesbanco Bank Inc. increased its position in shares of Hilton Grand Vacations by 28.0% during the 2nd quarter. Wesbanco Bank Inc. now owns 32,122 shares of the company’s stock valued at $1,299,000 after purchasing an additional 7,029 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.