Insider Selling: Hilton Grand Vacations Inc. (NYSE:HGV) Major Shareholder Sells 4,000,000 Shares of Stock

Hilton Grand Vacations Inc. (NYSE:HGV) 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 transaction, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Hilton Grand Vacations Price Performance

HGV stock traded up $0.10 on Wednesday, reaching $41.74. The company had a trading volume of 1,290,826 shares, compared to its average volume of 788,925. The company’s fifty day moving average is $38.65 and its 200 day moving average is $39.31. The company has a market cap of $4.11 billion, a P/E ratio of 47.43, a PEG ratio of 2.40 and a beta of 1.82. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced 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). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its stake in shares of Hilton Grand Vacations by 23.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 50,456 shares of the company’s stock valued at $2,380,000 after buying an additional 9,515 shares during the period. Quadrature Capital Ltd increased its holdings in shares of Hilton Grand Vacations by 59.5% during the first quarter. Quadrature Capital Ltd now owns 10,980 shares of the company’s stock worth $518,000 after buying an additional 4,096 shares in the last quarter. Wesbanco Bank Inc. raised its position in Hilton Grand Vacations by 28.0% in the 2nd quarter. Wesbanco Bank Inc. now owns 32,122 shares of the company’s stock valued at $1,299,000 after purchasing an additional 7,029 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Hilton Grand Vacations by 73.1% during the second quarter. SG Americas Securities LLC now owns 8,331 shares of the company’s stock worth $337,000 after acquiring an additional 3,519 shares during the last quarter. Finally, TCW Group Inc. grew its stake in shares of Hilton Grand Vacations by 54.4% during the second quarter. TCW Group Inc. now owns 49,663 shares of the company’s stock worth $2,008,000 after purchasing an additional 17,493 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HGV. Mizuho dropped their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their target price for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Barclays lifted their price target 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. Finally, JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations currently has an average rating of “Hold” and a consensus price target of $43.86.

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.