Hilton Grand Vacations Inc. (NYSE:HGV) Short Interest Down 8.2% in March

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 4,570,000 shares, a decline of 8.2% from the March 15th total of 4,980,000 shares. Based on an average daily trading volume, of 777,700 shares, the short-interest ratio is presently 5.9 days. Approximately 6.3% of the company's shares are short sold.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded down $0.48 during midday trading on Tuesday, hitting $43.22. The company's stock had a trading volume of 444,192 shares, compared to its average volume of 770,241. The firm has a market cap of $4.53 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.91 and a beta of 1.93. Hilton Grand Vacations has a 1-year low of $33.13 and a 1-year high of $49.02. The firm's fifty day moving average price is $45.19 and its 200-day moving average price is $40.99. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The firm's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. On average, sell-side analysts forecast that Hilton Grand Vacations will post 4.07 EPS for the current fiscal year.

Insider Activity

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares of the company's stock, valued at $6,396,712.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the firm's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total value of $1,780,562.26. Following the transaction, the insider now owns 166,997 shares of the company's stock, valued at approximately $7,711,921.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the transaction, the insider now owns 140,618 shares in the company, valued at approximately $6,396,712.82. The disclosure for this sale can be found here. Insiders sold 89,557 shares of company stock valued at $4,142,832 in the last ninety days. Company insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Signaturefd LLC grew its stake in shares of Hilton Grand Vacations by 78.6% in the third quarter. Signaturefd LLC now owns 625 shares of the company's stock worth $25,000 after purchasing an additional 275 shares in the last quarter. Ancora Advisors LLC grew its position in Hilton Grand Vacations by 4.3% in the 1st quarter. Ancora Advisors LLC now owns 7,300 shares of the company's stock valued at $273,000 after buying an additional 300 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Hilton Grand Vacations by 327.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 547 shares of the company's stock valued at $28,000 after buying an additional 419 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Hilton Grand Vacations by 7.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company's stock worth $340,000 after buying an additional 436 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Hilton Grand Vacations by 0.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 63,786 shares of the company's stock worth $2,596,000 after acquiring an additional 480 shares during the period. 97.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research note on Monday. They set an "overweight" rating and a $59.00 price objective on the stock. Truist Financial upped their price target on Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Jefferies Financial Group upgraded shares of Hilton Grand Vacations from a "hold" rating to a "buy" rating and lifted their price objective for the company from $39.00 to $50.00 in a research note on Tuesday, January 2nd. Barclays upped their target price on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Finally, Mizuho initiated coverage on shares of Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a "buy" rating and a $63.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $57.50.

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.

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