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

Hilton Grand Vacations Inc. (NYSE:HGVGet Free Report) was the target of a large increase in short interest in 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 daily trading volume, of 872,200 shares, the short-interest ratio is currently 8.0 days. Approximately 9.9% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages have commented on HGV. Truist Financial lowered their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. JMP Securities lowered their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Morgan Stanley began coverage on Hilton Grand Vacations in a report on Monday, January 6th. They set an “overweight” rating and a $47.00 target price on the stock. Finally, Mizuho lowered their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Two 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. According to MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $44.00.

View Our Latest Stock Analysis on HGV

Insider Transactions at Hilton Grand Vacations

In related 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 completion of the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at $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. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hilton Grand Vacations by 23.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,665 shares of the company’s stock valued at $6,881,000 after acquiring an additional 33,931 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $814,000. Wolverine Trading LLC acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $385,000. Squarepoint Ops LLC boosted its holdings in Hilton Grand Vacations by 62.6% in the fourth quarter. Squarepoint Ops LLC now owns 493,474 shares of the company’s stock valued at $19,221,000 after acquiring an additional 189,934 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $768,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 1.2 %

Shares of HGV stock traded up $0.53 during mid-day trading on Tuesday, hitting $43.25. 1,036,642 shares of the company’s stock were exchanged, compared to its average volume of 749,079. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The stock has a 50-day simple moving average of $40.25 and a two-hundred day simple 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 cap of $4.26 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 2.24 and a beta of 1.85.

Hilton Grand Vacations Company Profile

(Get Free Report)

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.

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