Hilton Grand Vacations Sees Unusually Large Options Volume (HGV)

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.

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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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