Short Interest in Hilton Grand Vacations Inc. (NYSE:HGV) Grows By 7.2%

Hilton Grand Vacations Inc. (NYSE:HGV) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,010,000 shares, an increase of 7.2% from the January 15th total of 6,540,000 shares. Approximately 9.9% of the shares of the stock are short sold. Based on an average daily volume of 872,200 shares, the short-interest ratio is presently 8.0 days.

Hilton Grand Vacations Stock Up 1.2 %

Shares of Hilton Grand Vacations stock traded up $0.53 on Tuesday, hitting $43.25. The company had a trading volume of 1,036,642 shares, compared to its average volume of 749,079. The stock has a 50-day moving average of $40.25 and a 200-day moving average of $39.00. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $49.02. The firm has a market capitalization of $4.26 billion, a P/E ratio of 49.14, a P/E/G ratio of 2.24 and a beta of 1.85.

Insiders Place Their Bets

In other Hilton Grand Vacations 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 completion of the transaction, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of large investors have recently added to or reduced their stakes in the company. Nantahala Capital Management LLC lifted its holdings in shares of Hilton Grand Vacations by 131.8% in the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company’s stock valued at $67,422,000 after purchasing an additional 984,166 shares in the last quarter. FMR LLC lifted its stake in Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after acquiring an additional 917,397 shares in the last quarter. Norges Bank acquired a new position in Hilton Grand Vacations during the 4th quarter worth approximately $33,047,000. GRS Advisors LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter worth approximately $24,414,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company’s stock valued at $114,329,000 after purchasing an additional 512,362 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

HGV has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Truist Financial dropped their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Mizuho reduced their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Barclays restated an “equal weight” rating and set a $41.00 target price (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Finally, JMP Securities cut their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus target price of $44.00.

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.