Hilton Grand Vacations Inc. (NYSE:HGV) Short Interest Down 6.7% in November

Hilton Grand Vacations Inc. (NYSE:HGV) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 6,530,000 shares, a drop of 6.7% from the October 31st total of 7,000,000 shares. Currently, 9.7% of the shares of the stock are short sold. Based on an average trading volume of 866,300 shares, the short-interest ratio is currently 7.5 days.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the sale, the insider now owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. FMR LLC grew its stake in Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the last quarter. Long Pond Capital LP lifted its position in Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after acquiring an additional 823,228 shares during the last quarter. Millennium Management LLC lifted its position in Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares during the last quarter. Franklin Resources Inc. boosted its stake in Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after acquiring an additional 499,067 shares in the last quarter. Finally, Barclays PLC grew its holdings in Hilton Grand Vacations by 330.8% in the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after purchasing an additional 188,997 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Down 0.9 %

Hilton Grand Vacations stock traded down $0.36 during midday trading on Tuesday, hitting $41.26. 1,165,175 shares of the company’s stock were exchanged, compared to its average volume of 791,842. Hilton Grand Vacations has a 12 month low of $33.21 and a 12 month high of $49.02. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The company has a market cap of $4.06 billion, a PE ratio of 46.89, a P/E/G ratio of 2.29 and a beta of 1.85. The firm has a 50-day moving average of $38.92 and a two-hundred day moving average of $39.28.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, analysts expect that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Mizuho dropped their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Barclays raised their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $36.00 in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.86.

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.