Insider Selling: Hilton Grand Vacations Inc (NYSE:HGV) Insider Sells 2,000 Shares of Stock

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Hilton Grand Vacations Inc (NYSE:HGV) insider Barbara L. Hollkamp sold 2,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $27.76, for a total value of $55,520.00. Following the transaction, the insider now directly owns 53,547 shares in the company, valued at approximately $1,486,464.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of HGV stock opened at $29.10 on Friday. Hilton Grand Vacations Inc has a twelve month low of $24.17 and a twelve month high of $39.00. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a current ratio of 5.12, a quick ratio of 3.77 and a debt-to-equity ratio of 2.78.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, May 1st. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.05). Hilton Grand Vacations had a net margin of 15.51% and a return on equity of 56.92%. The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $455.20 million. During the same quarter last year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities analysts expect that Hilton Grand Vacations Inc will post 2.7 EPS for the current year.

Several hedge funds have recently made changes to their positions in HGV. Norges Bank purchased a new position in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $33,159,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Hilton Grand Vacations in the 1st quarter valued at approximately $28,342,000. FMR LLC grew its stake in shares of Hilton Grand Vacations by 5.3% in the 1st quarter. FMR LLC now owns 14,155,214 shares of the company’s stock valued at $436,688,000 after purchasing an additional 715,636 shares during the last quarter. Royce & Associates LP grew its stake in shares of Hilton Grand Vacations by 48,602.2% in the 4th quarter. Royce & Associates LP now owns 536,211 shares of the company’s stock valued at $14,151,000 after purchasing an additional 535,110 shares during the last quarter. Finally, Long Pond Capital LP boosted its stake in shares of Hilton Grand Vacations by 9.6% in the first quarter. Long Pond Capital LP now owns 5,867,092 shares of the company’s stock valued at $181,000,000 after buying an additional 515,057 shares in the last quarter.

Several research analysts have commented on HGV shares. TheStreet raised Hilton Grand Vacations from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. SunTrust Banks lifted their price target on Hilton Grand Vacations to $51.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. Zacks Investment Research raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Friday, May 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $37.00 price target on shares of Hilton Grand Vacations in a research report on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $37.33.

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About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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