Short Interest in Hilton Grand Vacations Inc. (NYSE:HGV) Decreases By 6.7%

Hilton Grand Vacations Inc. (NYSE:HGV) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 6,530,000 shares, a drop of 6.7% from the October 31st total of 7,000,000 shares. Based on an average daily volume of 866,300 shares, the days-to-cover ratio is currently 7.5 days. Currently, 9.7% of the company’s shares are short sold.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded down $0.36 during midday trading on Tuesday, hitting $41.26. 1,165,175 shares of the company’s stock traded hands, compared to its average volume of 791,842. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations has a 1 year low of $33.21 and a 1 year high of $49.02. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 46.89, a price-to-earnings-growth ratio of 2.29 and a beta of 1.85. The firm has a fifty day moving average of $38.92 and a 200 day moving average of $39.28.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, analysts forecast that Hilton Grand Vacations will post 3.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. cut Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $36.00 in a research note on Friday, August 9th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective on the stock. Finally, Barclays lifted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $43.86.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the transaction, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares in the last quarter. Long Pond Capital LP lifted its position in shares of Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after acquiring an additional 823,228 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Hilton Grand Vacations by 44.5% in the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after acquiring an additional 698,664 shares during the period. Franklin Resources Inc. grew its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares in the last quarter. Finally, Barclays PLC raised its stake in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares during the period. 97.23% of the stock is currently owned by institutional investors.

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.