Hilton Grand Vacations Inc (NYSE:HGV) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 1,632 put options on the company. This represents an increase of 1,992% compared to the average daily volume of 78 put options.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the business’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $46.10, for a total transaction of $1,140,975,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in Hilton Grand Vacations by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after purchasing an additional 202 shares during the period. Rhumbline Advisers lifted its holdings in Hilton Grand Vacations by 2.0% in the third quarter. Rhumbline Advisers now owns 66,938 shares of the company’s stock worth $2,586,000 after purchasing an additional 1,306 shares during the period. American International Group Inc. lifted its holdings in Hilton Grand Vacations by 204.0% in the fourth quarter. American International Group Inc. now owns 2,432 shares of the company’s stock worth $102,000 after purchasing an additional 1,632 shares during the period. California Public Employees Retirement System lifted its holdings in Hilton Grand Vacations by 2.2% in the third quarter. California Public Employees Retirement System now owns 77,497 shares of the company’s stock worth $2,994,000 after purchasing an additional 1,700 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in Hilton Grand Vacations by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 108,949 shares of the company’s stock worth $4,570,000 after purchasing an additional 1,914 shares during the period. Institutional investors and hedge funds own 97.59% of the company’s stock.
A number of research analysts have recently commented on HGV shares. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, January 3rd. Macquarie assumed coverage on shares of Hilton Grand Vacations in a research note on Friday, January 5th. They issued a “neutral” rating for the company. SunTrust Banks set a $50.00 price target on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Thursday, March 1st. Finally, ValuEngine upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Hilton Grand Vacations presently has a consensus rating of “Buy” and a consensus price target of $44.00.
HGV stock traded down $0.68 during trading on Friday, hitting $42.65. 1,084,393 shares of the company’s stock traded hands, compared to its average volume of 2,134,733. The company has a debt-to-equity ratio of 2.06, a current ratio of 4.49 and a quick ratio of 3.34. Hilton Grand Vacations has a 52 week low of $30.44 and a 52 week high of $47.75. The firm has a market cap of $4,300.58, a price-to-earnings ratio of 21.65 and a beta of 0.94.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $447.00 million during the quarter, compared to analyst estimates of $450.57 million. Hilton Grand Vacations had a net margin of 19.11% and a return on equity of 57.35%. analysts expect that Hilton Grand Vacations will post 2.83 EPS for the current fiscal year.
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Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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