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

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) saw strong trading volume on Thursday . 970,408 shares changed 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.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho decreased their target price on 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 Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays reissued an “equal weight” rating and set a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday. Truist Financial reduced their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and an average price target of $44.29.

Hilton Grand Vacations Price Performance

The firm has a fifty day moving average price of $39.65 and a two-hundred day moving average price of $39.30. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $3.97 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.25 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share 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 the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.43 EPS for the current year.

Insider Activity at Hilton Grand Vacations

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

Institutional Investors Weigh In On Hilton Grand Vacations

A number of hedge funds have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations during the third quarter valued at approximately $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations in the 2nd quarter worth $32,000. Blue Trust Inc. raised its holdings in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations during the second quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Hilton Grand Vacations in the second quarter valued at about $120,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.