Hilton Grand Vacations Inc. (NYSE:HGV) Sees Large Decrease in Short Interest

Key Points

• Short interest fell 14.3% in April to 5,558,261 shares (about 7.1% of the float), leaving a days-to-cover ratio of roughly 7.2 days.
• Q1 results beat expectations: the company reported $0.99 EPS vs. $0.56 expected and $1.29B in revenue (up 11.9% year-over-year).
• High institutional ownership and neutral analyst view: roughly 97.2% of shares are held by institutions and the consensus rating is "Hold" with an average price target of $53.89.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 5,558,261 shares, a decline of 14.3% from the March 31st total of 6,487,501 shares. Currently, 7.1% of the company's shares are sold short. Based on an average daily volume of 766,977 shares, the days-to-cover ratio is presently 7.2 days.

Hilton Grand Vacations Stock Up 0.1%

Shares of HGV stock traded up $0.05 during mid-day trading on Friday, hitting $47.02. The stock had a trading volume of 228,955 shares, compared to its average volume of 799,872. Hilton Grand Vacations has a 12-month low of $36.79 and a 12-month high of $52.08. The firm has a market capitalization of $3.82 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 0.58 and a beta of 1.49. The firm's 50-day moving average is $43.88 and its two-hundred day moving average is $43.95. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the business earned $0.09 EPS. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts predict that Hilton Grand Vacations will post 3.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds have recently made changes to their positions in the company. Bard Associates Inc. purchased a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock worth $27,000 after buying an additional 565 shares during the period. Leonteq Securities AG lifted its holdings in shares of Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company's stock worth $26,000 after buying an additional 440 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company's stock worth $41,000 after buying an additional 349 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter worth $44,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HGV. Weiss Ratings raised Hilton Grand Vacations from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 17th. Wells Fargo & Company cut their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 16th. Morgan Stanley upped their price objective on Hilton Grand Vacations from $49.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 10th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $40.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Jefferies Financial Group upped their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $53.89.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.