Short-term stake in Hilton Grand Vacations Inc. (NYSE: HGV) declines 13.9%

Hilton Grand Vacations Inc. (NYSE: HGV – Get Rating) was the target of a sharp decline in short-term interest during August. As of August 31, there was short interest totaling 2,550,000 shares, down 13.9% from the total of 2,960,000 shares as of August 15. Based on an average daily trading volume of 569,500 shares, the short interest ratio is currently 4.5 days. Approximately 3.0% of the company’s shares are sold short.

Institutional entries and exits

A number of institutional investors have recently changed their positions in the company. Capital International Investors increased its position in shares of Hilton Grand Vacations by 0.3% during the fourth quarter. Capital International Investors now owns 7,909,060 shares of the company valued at $412,141,000 after purchasing an additional 22,835 shares during the period. CAS Investment Partners LLC increased its stake in shares of Hilton Grand Vacations by 28.8% during the fourth quarter. CAS Investment Partners LLC now owns 7,727,165 shares of the company valued at $402,663,000 after acquiring an additional 1,727,165 shares last quarter. Alliancebernstein LP increased its stake in shares of Hilton Grand Vacations by 17.3% during the fourth quarter. Alliancebernstein LP now owns 5,421,050 shares of the company valued at $282,491,000 after acquiring an additional 797,831 shares last quarter. Parsifal Capital Management LP increased its stake in Hilton Grand Vacations by 1.8% in the second quarter. Parsifal Capital Management LP now owns 4,930,394 shares of the company worth $176,163,000 after purchasing an additional 87,707 shares last quarter. Finally, Invesco Ltd. increased its stake in Hilton Grand Vacations by 120.0% in the first quarter. Invesco Ltd. now owns 2,130,560 shares of the company worth $110,810,000 after purchasing an additional 1,162,310 shares last quarter. Hedge funds and other institutional investors own 98.40% of the company’s shares.

Changes to analyst ratings

A number of equity research analysts have weighed in on the stock. Barclays assumed coverage for Hilton Grand Vacations shares in a Tuesday, June 28 research note. They set an “overweight” rating and a target price of $50.00 for the company. Truist Financial cut its price target on shares of Hilton Grand Vacations from $64.00 to $63.00 and set a “buy” rating for the company in a Friday, Aug. 12 research note. Finally, TheStreet downgraded shares of Hilton Grand Vacations from a “b” rating to a “c+” rating in a Tuesday, June 21 research note. One analyst gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Moderate Buy” and a consensus price target of $64.25.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV traded at $1.36 in Friday’s midday session, hitting $38.67. The company had a trading volume of 1,524,214 shares, compared to an average volume of 419,368. The company has a debt ratio of 1.83, a current ratio of 3.62 and a quick ratio of 2.50 . The company has a market capitalization of $4.55 billion, a price-earnings ratio of 15.22 and a beta of 1.96. Hilton Grand Vacations has a 12-month minimum of $34.31 and a 12-month maximum of $56.33. The company has a fifty-day moving average of $41.10 and a two-hundred-day moving average of $43.94.

Hilton Grand Vacations (NYSE:HGV – Get Rating) last released its quarterly earnings data on Tuesday, August 9. The company reported EPS of $0.60 for the quarter, missing the consensus estimate of $0.81 per ($0.21). Hilton Grand Vacations recorded a return on equity of 15.70% and a net margin of 8.53%. The company posted revenue of $948.00 million in the quarter, compared to $951.37 million expected by analysts. In the same quarter last year, the company earned earnings per share of $0.10. The company’s revenue for the quarter increased 183.8% on an annual basis. On average, equity research analysts expect Hilton Grand Vacations to post EPS of 2.59 for the current fiscal year.

Hilton Grand Vacations Company Profile

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Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells and manages resorts primarily under the Hilton Grand Vacations brand. The Company operates in two segments, real estate sales and financing, and resort operation and club management. She sells vacation ownership gaps and vacation ownership interests; operates resorts and clubs; operates points-based vacation clubs and resort facilities; and financial and service loans provided to consumers for their timeshare purchases.

Further reading

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