Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Hilton Grand Vacations Stock Performance
Hilton Grand Vacations stock opened at $41.74 on Thursday. The firm has a 50 day simple moving average of $38.65 and a 200-day simple moving average of $39.31. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.82. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company's revenue was up 28.3% on a year-over-year basis. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.49 EPS for the current year.
Institutional Trading of Hilton Grand Vacations
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Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC boosted its stake in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after buying an additional 917,397 shares during the period. Long Pond Capital LP lifted its holdings in shares of Hilton Grand Vacations by 218.0% in the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock worth $48,553,000 after acquiring an additional 823,228 shares during the last quarter. Millennium Management LLC boosted its position in shares of Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock worth $91,752,000 after purchasing an additional 698,664 shares during the period. Franklin Resources Inc. increased its holdings in Hilton Grand Vacations by 17.8% in the 3rd 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 during the last quarter. Finally, Barclays PLC raised its position in Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after purchasing an additional 188,997 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Jefferies Financial Group downgraded Hilton Grand Vacations from a "buy" rating to a "hold" rating and reduced their price objective for the company from $55.00 to $35.00 in a research note on Friday, August 9th. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Wednesday. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a "sell" rating and a $31.00 price target on the stock. Mizuho cut their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $55.00 to $36.00 in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $43.86.
Read Our Latest Stock Analysis on HGV
Hilton Grand Vacations Company Profile
(
Get Free Report)
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.
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