Hilton Grand Vacations (NYSE:HGV) Share Price Crosses Below 50 Day Moving Average

Hilton Grand Vacations (NYSE:HGV) shares fell below their 50-day moving average, trading as low as $38.48. Analysts have mixed ratings on the stock, with some upgrading and others downgrading their price targets. The company reported lower-than-expected earnings for the last quarter. Insider transactions and hedge fund activities indicate varied confidence levels. The stock repurchase plan suggests the board believes the stock is undervalued.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $43.11 and traded as low as $38.48. Hilton Grand Vacations shares last traded at $39.3310, with a volume of 1,028,286 shares.

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Wall Street Analyst Weigh In

A number of analysts have recently commented on HGV shares. Mizuho boosted their price target on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research report on Monday, August 4th. Zacks Research cut shares of Hilton Grand Vacations from a "hold" rating to a "strong sell" rating in a report on Thursday, October 23rd. Barclays upped their price objective on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Morgan Stanley restated an "overweight" rating and issued a $48.00 price target on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of "Hold" and an average price target of $54.29.

Check Out Our Latest Report on Hilton Grand Vacations

Hilton Grand Vacations Stock Down 0.8%

The company has a 50-day moving average of $43.11 and a two-hundred day moving average of $43.09. The company has a market capitalization of $3.36 billion, a PE ratio of 71.51, a P/E/G ratio of 4.14 and a beta of 1.66. The company has a debt-to-equity ratio of 4.67, a current ratio of 5.02 and a quick ratio of 3.12.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.41). Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the company earned $0.67 EPS. The business's revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has approved a stock repurchase plan on Wednesday, August 13th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of the business's stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the completion of the transaction, the insider owned 60,270 shares in the company, valued at $2,519,888.70. The trade was a 33.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark D. Wang sold 46,364 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the completion of the sale, the insider directly owned 801,681 shares of the company's stock, valued at $37,951,578.54. The trade was a 5.47% decrease in their position. The SEC filing for this sale provides additional information. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC raised its holdings in shares of Hilton Grand Vacations by 34.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 20,459 shares of the company's stock worth $855,000 after purchasing an additional 5,194 shares during the last quarter. Creative Planning lifted its holdings in Hilton Grand Vacations by 17.9% in the third quarter. Creative Planning now owns 24,781 shares of the company's stock valued at $1,036,000 after acquiring an additional 3,758 shares during the period. Occudo Quantitative Strategies LP grew its stake in shares of Hilton Grand Vacations by 23.5% during the 3rd quarter. Occudo Quantitative Strategies LP now owns 22,709 shares of the company's stock worth $949,000 after purchasing an additional 4,320 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hilton Grand Vacations by 7.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,795 shares of the company's stock valued at $869,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at $5,226,000. Institutional investors and hedge funds own 97.23% of the company's stock.

About Hilton Grand Vacations

(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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Hilton Grand Vacations (NYSE:HGV) Share Price Crosses Below 50 Day Moving Average - Should You Sell?