Short Interest in Hilton Grand Vacations Inc. (NYSE:HGV) Drops By 8.2%

Hilton Grand Vacations Inc. (NYSE:HGV) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 4,570,000 shares, a drop of 8.2% from the March 15th total of 4,980,000 shares. Based on an average daily volume of 777,700 shares, the days-to-cover ratio is currently 5.9 days. Currently, 6.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HGV shares. Mizuho assumed coverage on Hilton Grand Vacations in a research note on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Hilton Grand Vacations in a research note on Monday. They set an “overweight” rating and a $59.00 price objective on the stock. Jefferies Financial Group raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and boosted their target price for the stock from $39.00 to $50.00 in a research report on Tuesday, January 2nd. Barclays raised their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.50.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares in the company, valued at approximately $7,711,921.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now owns 51,855 shares in the company, valued at approximately $2,437,185. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the sale, the insider now directly owns 166,997 shares of the company’s stock, valued at approximately $7,711,921.46. The disclosure for this sale can be found here. Insiders have sold a total of 89,557 shares of company stock worth $4,142,832 in the last quarter. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HGV. Signaturefd LLC lifted its holdings in Hilton Grand Vacations by 78.6% in the third quarter. Signaturefd LLC now owns 625 shares of the company’s stock worth $25,000 after acquiring an additional 275 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Hilton Grand Vacations by 327.3% during the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after purchasing an additional 419 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Hilton Grand Vacations during the 1st quarter worth approximately $37,000. Itau Unibanco Holding S.A. bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $47,000. Finally, Covestor Ltd boosted its position in Hilton Grand Vacations by 642.2% during the 1st quarter. Covestor Ltd now owns 1,195 shares of the company’s stock valued at $62,000 after purchasing an additional 1,034 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Down 1.1 %

Shares of Hilton Grand Vacations stock traded down $0.48 during trading on Tuesday, reaching $43.22. The company had a trading volume of 444,192 shares, compared to its average volume of 770,241. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34. Hilton Grand Vacations has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The firm’s fifty day moving average is $45.21 and its 200-day moving average is $41.00. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.91 and a beta of 1.93.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Hilton Grand Vacations will post 4.07 EPS for the current year.

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.