Hilton Grand Vacations Inc. (NYSE:HGV) Short Interest Up 9.5% in September

Hilton Grand Vacations Inc. (NYSE:HGV) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 6,660,000 shares, an increase of 9.5% from the August 31st total of 6,080,000 shares. Based on an average trading volume of 847,100 shares, the short-interest ratio is currently 7.9 days. Approximately 9.6% of the shares of the company are short sold.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of large investors have recently modified their holdings of HGV. nVerses Capital LLC purchased a new position in shares of Hilton Grand Vacations in the second quarter worth about $32,000. YHB Investment Advisors Inc. bought a new position in shares of Hilton Grand Vacations during the first quarter valued at about $47,000. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth about $93,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hilton Grand Vacations in the second quarter worth about $120,000. Finally, Benjamin Edwards Inc. increased its holdings in Hilton Grand Vacations by 46.0% during the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after purchasing an additional 1,006 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Price Performance

HGV stock traded down $0.53 during midday trading on Tuesday, reaching $35.79. The company had a trading volume of 1,239,312 shares, compared to its average volume of 774,859. The firm has a 50-day moving average price of $37.95 and a 200-day moving average price of $40.99. The company has a market capitalization of $3.71 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.32 and a beta of 1.83. Hilton Grand Vacations has a 1 year low of $33.13 and a 1 year high of $49.02. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 22.6% on a year-over-year basis. On average, research analysts anticipate that Hilton Grand Vacations will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price target for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Mizuho cut their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. Finally, StockNews.com downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.71.

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.