Hilton Grand Vacations Inc. (NYSE:HGV) Sees Significant Growth in Short Interest

Hilton Grand Vacations Inc. (NYSE:HGV) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 6,660,000 shares, a growth of 9.5% from the August 31st total of 6,080,000 shares. Based on an average trading volume of 847,100 shares, the days-to-cover ratio is presently 7.9 days. Currently, 9.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Hilton Grand Vacations

Large investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter worth about $32,000. YHB Investment Advisors Inc. purchased a new stake in shares of Hilton Grand Vacations during the 1st quarter valued at about $47,000. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at about $93,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at about $120,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of Hilton Grand Vacations by 46.0% during the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after buying an additional 1,006 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Trading Down 1.5 %

NYSE HGV traded down $0.53 during trading hours on Tuesday, hitting $35.79. 1,239,312 shares of the company’s stock were exchanged, compared to its average volume of 774,859. The business’s 50 day moving average is $37.95 and its 200-day moving average is $40.99. The firm has a market capitalization of $3.71 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.83. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. Hilton Grand Vacations has a 12-month low of $33.13 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. As a group, analysts anticipate that Hilton Grand Vacations will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

HGV has been the topic of several research reports. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. Barclays lowered their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Truist Financial lowered their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Mizuho lowered their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.71.

Hilton Grand Vacations Company Profile

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.