Hilton Grand Vacations (NYSE:HGV) Sees Unusually-High Trading Volume – Time to Buy?

Hilton Grand Vacations Inc. (NYSE:HGV) saw unusually-strong trading volume on Thursday . Approximately 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.

Analyst Ratings Changes

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

Hilton Grand Vacations Price Performance

The business has a fifty 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 current ratio of 4.83 and a quick ratio of 3.08. The stock has a market cap of $4.04 billion, a PE ratio of 46.47, a P/E/G ratio of 2.30 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results 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). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current year.

Insider Activity at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.10, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’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 directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares in the last quarter. FMR LLC boosted its position in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after acquiring an additional 917,397 shares during the period. Millennium Management LLC grew its stake in Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Hilton Grand Vacations by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after purchasing an additional 162,459 shares during the period. Finally, Long Pond Capital LP lifted its position in shares of Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock worth $48,553,000 after purchasing an additional 823,228 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

About Hilton Grand Vacations

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.