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

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 7,010,000 shares, a growth of 7.2% from the January 15th total of 6,540,000 shares. Based on an average trading volume of 872,200 shares, the days-to-cover ratio is currently 8.0 days. Approximately 9.9% of the company's shares are short sold.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock traded down $0.98 during trading on Friday, reaching $41.01. The company's stock had a trading volume of 899,296 shares, compared to its average volume of 594,798. The company has a market capitalization of $4.04 billion, a P/E ratio of 46.60, a price-to-earnings-growth ratio of 2.20 and a beta of 1.85. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02. The business has a 50 day moving average price of $40.36 and a 200-day moving average price of $39.07. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HGV shares. JMP Securities lowered their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. Truist Financial lowered their price target 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. Mizuho decreased their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Barclays reiterated an "equal weight" rating and issued a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $44.00.

Insider Transactions at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the transaction, the insider now directly owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Trading of Hilton Grand Vacations

Institutional investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC acquired a new stake in Hilton Grand Vacations in the third quarter valued at $25,000. Blue Trust Inc. grew its holdings in 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 buying an additional 588 shares during the period. Covestor Ltd raised its stake in Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after purchasing an additional 1,042 shares during the period. KBC Group NV boosted its holdings in Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after acquiring an additional 889 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $200,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

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.