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

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

Hilton Grand Vacations Stock Performance

HGV stock traded up $0.53 during midday trading on Tuesday, reaching $43.25. The company had a trading volume of 1,036,642 shares, compared to its average volume of 749,079. 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 50 day moving average price of $40.25 and a 200 day moving average price of $39.00. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The firm has a market capitalization of $4.26 billion, a PE ratio of 49.14, a P/E/G ratio of 2.24 and a beta of 1.85.

Insider Buying and Selling at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction 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. The trade was a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated 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 sale, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. The trade was 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank boosted its position in shares of Hilton Grand Vacations by 0.9% during the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock worth $1,125,000 after buying an additional 263 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hilton Grand Vacations by 0.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock worth $1,585,000 after buying an additional 303 shares during the period. Bank of Montreal Can boosted its position in shares of Hilton Grand Vacations by 5.1% during the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock worth $290,000 after buying an additional 361 shares during the period. Blue Trust Inc. boosted its position in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the period. Finally, Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the third quarter worth approximately $25,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HGV shares. The Goldman Sachs Group lifted their target price 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. Morgan Stanley initiated coverage on Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, February 10th. JMP Securities decreased their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 18th. Finally, Truist Financial decreased their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.00.

About Hilton Grand Vacations

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.