Hilton Grand Vacations Inc. (NYSE:HGV) Short Interest Update

Hilton Grand Vacations Inc. (NYSE:HGV) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,010,000 shares, an increase of 7.2% from the January 15th total of 6,540,000 shares. Based on an average trading volume of 872,200 shares, the short-interest ratio is presently 8.0 days. Currently, 9.9% of the shares of the company are sold short.

Insider Buying and Selling

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the sale, the insider now directly owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of large investors have recently modified their holdings of HGV. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after purchasing an additional 1,042 shares during the last quarter. KBC Group NV increased its stake in Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after purchasing an additional 889 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $200,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on HGV shares. The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Barclays reissued an “equal weight” rating and set a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Morgan Stanley started coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They set an “overweight” rating and a $47.00 price objective for the company. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, February 10th. Finally, Mizuho reduced their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Stock Performance

HGV traded up $0.53 on Tuesday, hitting $43.25. 1,036,642 shares of the company traded hands, compared to its average volume of 749,079. The company has a 50 day moving average of $40.25 and a 200-day moving average of $39.00. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $4.26 billion, a PE ratio of 49.14, a PEG ratio of 2.24 and a beta of 1.85. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02.

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.