Hilton Grand Vacations Inc. (NYSE:HGV) Short Interest Up 9.5% in September

Hilton Grand Vacations Inc. (NYSE:HGV) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 6,660,000 shares, a growth of 9.5% from the August 31st total of 6,080,000 shares. Based on an average daily trading volume, of 847,100 shares, the short-interest ratio is currently 7.9 days. Approximately 9.6% of the company’s shares are sold short.

Hilton Grand Vacations Stock Down 1.5 %

Shares of NYSE:HGV traded down $0.53 during mid-day trading on Tuesday, hitting $35.79. 1,239,312 shares of the company traded hands, compared to its average volume of 774,859. The stock has a 50-day moving average price of $37.95 and a two-hundred day moving average price of $40.99. Hilton Grand Vacations has a 12-month low of $33.13 and a 12-month high of $49.02. The stock has a market cap of $3.71 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.32 and a beta of 1.83. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. Hilton Grand Vacations’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, equities research analysts forecast that Hilton Grand Vacations will post 3.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Mizuho lowered their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Truist Financial dropped their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Barclays reduced their price target on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $36.00 in a report on Friday, August 9th. Finally, Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.71.

Institutional Investors Weigh In On Hilton Grand Vacations

Several large investors have recently made changes to their positions in the business. Norges Bank bought a new position in Hilton Grand Vacations during the fourth quarter valued at about $23,383,000. GSA Capital Partners LLP bought a new stake in shares of Hilton Grand Vacations in the 1st quarter worth approximately $884,000. Vanguard Group Inc. raised its holdings in shares of Hilton Grand Vacations by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares during the period. Breach Inlet Capital Management LLC purchased a new position in Hilton Grand Vacations in the fourth quarter valued at approximately $13,700,000. Finally, Gray Foundation bought a new position in Hilton Grand Vacations during the fourth quarter valued at $8,539,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.