Short Interest in Hilton Grand Vacations Inc. (NYSE:HGV) Decreases By 21.5%

Key Points

• Short interest in Hilton Grand Vacations Inc. decreased by 21.5% in August, resulting in a total of 4.3 million shares, with approximately 6.1% of shares short sold.
• Analysts' price targets for Hilton Grand Vacations range from $39.00 to $76.00, with a consensus rating of "Moderate Buy" and a target price of $53.29.
• The company reported quarterly earnings of $0.54 per share, missing expectations, and has announced a stock repurchase program, indicating confidence in its share value.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 4,300,000 shares, a decrease of 21.5% from the July 31st total of 5,480,000 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 4.0 days. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 4.0 days. Approximately 6.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HGV. Truist Financial cut their price objective on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. The Goldman Sachs Group restated a "sell" rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Mizuho increased their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Barclays increased their price objective on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $53.29.

Insiders Place Their Bets

In other news, insider Mark D. Wang sold 46,364 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the transaction, the insider owned 801,681 shares in the company, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. North Peak Capital Management LLC boosted its stake in shares of Hilton Grand Vacations by 11.3% in the 2nd quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company's stock valued at $282,825,000 after purchasing an additional 693,495 shares during the last quarter. Parsifal Capital Management LP boosted its stake in Hilton Grand Vacations by 1.8% during the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock worth $135,385,000 after acquiring an additional 62,346 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Hilton Grand Vacations by 14.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company's stock worth $125,737,000 after acquiring an additional 425,925 shares during the last quarter. Millennium Management LLC boosted its stake in Hilton Grand Vacations by 27.7% during the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after acquiring an additional 443,353 shares during the last quarter. Finally, Long Pond Capital LP boosted its stake in Hilton Grand Vacations by 32.1% during the 1st quarter. Long Pond Capital LP now owns 1,829,495 shares of the company's stock worth $68,441,000 after acquiring an additional 444,240 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock traded down $0.95 during mid-day trading on Friday, reaching $45.30. 655,348 shares of the stock were exchanged, compared to its average volume of 995,268. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 82.36, a price-to-earnings-growth ratio of 3.94 and a beta of 1.67. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The firm has a 50-day simple moving average of $46.67 and a 200 day simple moving average of $41.07. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, sell-side analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 13th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.