Hilton Grand Vacations (NYSE:HGV) Insider Charles Jr. Corbin Sells 60,401 Shares of Company Stock

Hilton Grand Vacations Inc. (NYSE:HGV) insider Charles Jr. Corbin sold 60,401 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $43.41, for a total transaction of $2,622,007.41. Following the sale, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,080,380.84. The trade was a 55.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hilton Grand Vacations Trading Up 1.1%

HGV opened at $44.09 on Friday. The company has a quick ratio of 3.35, a current ratio of 5.15 and a debt-to-equity ratio of 5.29. The stock has a market cap of $3.34 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 0.35 and a beta of 1.60. Hilton Grand Vacations Inc. has a twelve month low of $33.99 and a twelve month high of $55.40. The company has a fifty day moving average of $37.55 and a 200-day moving average of $44.51.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $2.95. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. The business’s quarterly revenue was up 50.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, sell-side analysts predict that Hilton Grand Vacations Inc. will post 6.38 EPS for the current year.

Hilton Grand Vacations declared that its Board of Directors has approved a share repurchase plan on Thursday, August 20th that allows the company to repurchase $600 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 17% of its shares through open market purchases. Share repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HGV shares. The Goldman Sachs Group reduced their price objective on Hilton Grand Vacations from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Zacks Research upgraded Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Barclays decreased their target price on shares of Hilton Grand Vacations from $46.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, November 2nd. Morgan Stanley reduced their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. dropped their price target on Hilton Grand Vacations from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $49.10.

Institutional Investors Weigh In On Hilton Grand Vacations

Institutional investors have recently made changes to their positions in the business. Persistent Asset Partners Ltd bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $63,000. Covestor Ltd boosted its stake in shares of Hilton Grand Vacations by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,800 shares of the company’s stock valued at $62,000 after buying an additional 265 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Hilton Grand Vacations by 3.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock worth $482,000 after buying an additional 400 shares during the last quarter. Leonteq Securities AG increased its stake in shares of Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.