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) saw a significant decline in short interest in August. As of August 15th, there was short interest totaling 4,300,000 shares, adeclineof21.5% from the July 31st total of 5,480,000 shares. Approximately6.1% of the shares of the stock are short sold. Based on an average trading volume of 1,080,000 shares, the short-interest ratio is currently 4.0 days. Based on an average trading volume of 1,080,000 shares, the short-interest ratio is currently 4.0 days. Approximately6.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock traded down $0.47 on Tuesday, hitting $47.06. 423,808 shares of the company traded hands, compared to its average volume of 1,034,303. The business has a 50-day simple moving average of $46.53 and a 200 day simple moving average of $40.92. Hilton Grand Vacations has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The stock has a market capitalization of $4.19 billion, a P/E ratio of 85.61, a price-to-earnings-growth ratio of 4.01 and a beta of 1.67.

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

Hilton Grand Vacations declared that its board has approved a stock repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Mark D. Wang sold 46,364 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 801,681 shares of the company's stock, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently made changes to their positions in HGV. Ameriprise Financial Inc. raised its stake in shares of Hilton Grand Vacations by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 101,454 shares of the company's stock valued at $3,952,000 after acquiring an additional 10,846 shares during the period. Deutsche Bank AG raised its holdings in shares of Hilton Grand Vacations by 17.1% in the fourth quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after acquiring an additional 20,398 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hilton Grand Vacations by 0.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock valued at $1,585,000 after buying an additional 303 shares during the last quarter. Millennium Management LLC lifted its position in shares of Hilton Grand Vacations by 27.7% during the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after buying an additional 443,353 shares during the last quarter. Finally, Mudita Advisors LLP lifted its position in shares of Hilton Grand Vacations by 4.8% during the fourth quarter. Mudita Advisors LLP now owns 960,965 shares of the company's stock valued at $37,430,000 after buying an additional 44,200 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.