Hilton Grand Vacations Inc. (NYSE:HGV – Get Free Report) insider Charles Jr. Corbin sold 32,907 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the transaction, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. The trade was a 32.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Hilton Grand Vacations Trading Up 0.9%
Shares of HGV stock opened at $51.83 on Friday. The firm has a 50-day moving average price of $45.05 and a 200 day moving average price of $44.57. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $52.85. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.77 and a beta of 1.49. The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts forecast that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Hilton Grand Vacations
Institutional Trading of Hilton Grand Vacations
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in shares of Hilton Grand Vacations by 5.7% during the fourth quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock valued at $199,000 after purchasing an additional 238 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Hilton Grand Vacations by 13.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after purchasing an additional 291 shares during the last quarter. Waterway Wealth Management LLC lifted its holdings in shares of Hilton Grand Vacations by 4.3% during the third quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock valued at $332,000 after purchasing an additional 325 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Hilton Grand Vacations by 3.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock worth $482,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.
About Hilton Grand Vacations
Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.
In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.
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