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

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

Analysts Set New Price Targets

HGV has been the topic of several research reports. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Truist Financial lowered their price objective on shares of 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. Mizuho lowered their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 9th. The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price for the company. Finally, Jefferies Financial Group downgraded 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 research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.71.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in Hilton Grand Vacations in the 2nd quarter worth about $32,000. YHB Investment Advisors Inc. bought a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at about $47,000. Canada Pension Plan Investment Board bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at about $93,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at about $120,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Hilton Grand Vacations by 46.0% in the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after buying an additional 1,006 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Down 1.5 %

NYSE:HGV traded down $0.53 on Tuesday, reaching $35.79. 1,239,312 shares of the stock traded hands, compared to its average volume of 774,859. The company’s fifty day simple moving average is $37.95 and its 200 day simple moving average is $40.99. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.32 and a beta of 1.83. Hilton Grand Vacations has a 12 month low of $33.13 and a 12 month high of $49.02.

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