Hilton Grand Vacations (NYSE:HGV) Sees Unusually-High Trading Volume – What’s Next?

Hilton Grand Vacations Inc. (NYSE:HGV) shares saw unusually-high trading volume on Thursday . Approximately 970,408 shares traded hands during trading, an increase of 23% from the previous session’s volume of 789,804 shares.The stock last traded at $41.18 and had previously closed at $40.89.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Mizuho lowered their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Truist Financial reduced their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Finally, Barclays lifted their price target on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $44.71.

Hilton Grand Vacations Price Performance

The company has a 50-day moving average of $39.54 and a 200 day moving average of $39.29. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a market cap of $4.04 billion, a P/E ratio of 46.47, a P/E/G ratio of 2.30 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last announced its 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). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. On average, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.43 EPS for the current year.

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors have recently modified their holdings of HGV. SG Americas Securities LLC lifted its stake in Hilton Grand Vacations by 73.1% in the second quarter. SG Americas Securities LLC now owns 8,331 shares of the company’s stock valued at $337,000 after buying an additional 3,519 shares during the period. TCW Group Inc. increased its stake in Hilton Grand Vacations by 54.4% in the second quarter. TCW Group Inc. now owns 49,663 shares of the company’s stock valued at $2,008,000 after purchasing an additional 17,493 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Hilton Grand Vacations by 93.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 13,676 shares of the company’s stock worth $553,000 after purchasing an additional 6,624 shares during the period. Iridian Asset Management LLC CT boosted its position in shares of Hilton Grand Vacations by 63.9% during the second quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock worth $11,628,000 after purchasing an additional 112,117 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Hilton Grand Vacations by 7.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 143,118 shares of the company’s stock valued at $5,786,000 after buying an additional 10,357 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.