Hilton Grand Vacations Inc. (NYSE:HGV) Short Interest Up 7.2% in January

Hilton Grand Vacations Inc. (NYSE:HGV) saw a large increase in short interest during 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 daily trading volume, of 872,200 shares, the days-to-cover ratio is presently 8.0 days. Approximately 9.9% of the company’s stock are sold short.

Insider Activity

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 represents a 13.20 % decrease in their position. 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 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 transaction, the insider now owns 88,532 shares of the company’s stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations in the third quarter valued at approximately $25,000. Blue Trust Inc. increased its stake in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the last quarter. Covestor Ltd increased its stake in shares of Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after purchasing an additional 1,042 shares during the last quarter. KBC Group NV raised its holdings in shares of Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after buying an additional 889 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Hilton Grand Vacations during the 4th quarter worth $200,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Price 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. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $49.02. The stock has a 50 day moving average price of $40.25 and a 200-day moving average price of $39.00. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 2.24 and a beta of 1.85.

Wall Street Analyst Weigh In

HGV has been the subject of several research reports. StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Truist Financial reduced their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Barclays restated an “equal weight” rating and set a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Mizuho lowered their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.00.

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.