Why Hilton Grand Vacations Stock Tanked on Monday
An earnings release that featured declines in headline numbers, plus a pricey asset buy, led investors to sell out of travel stock Hilton Grand Vacations (NYSE: HGV). The company's share price took a more than 8% hit on Monday, a notably worse performance than the 0.2% gain of the S 500 index.
The more impactful of the two events was that asset buy, specifically Hilton Grand Vacations' deal to acquire peer company Bluegreen Vacations Holding (NYSE: BVH). The total value of the purchase is roughly $1.5 billion, which includes debt assumption. The deal will be paid for entirely in cash.
That $1.5 billion is a big chunk of change. It also shakes out to $75 per Bluegreen share, which is more than double its Friday closing price.
Source Fool.com
Hilton Inc. Aktie
195,95 €
0,95 %
Und die Aktie ist derzeit mit 19 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung ein Geheimtipp unserer Community.
Für Hilton Inc. ergibt sich mit einem Kursziel von 205 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 195.95 €.
