Hilton Grand Vacations Inc (NYSE:HGV) Short Interest Update

Hilton Grand Vacations Inc (NYSE:HGV) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 5,078,600 shares, an increase of 22.4% from the April 30th total of 4,148,800 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 3.7 days. Currently, 5.3% of the shares of the stock are short sold.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $27.76, for a total value of $55,520.00. Following the completion of the sale, the insider now directly owns 53,547 shares in the company, valued at $1,486,464.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leonard Potter purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $27.50 per share, with a total value of $275,000.00. Following the completion of the transaction, the director now owns 72,348 shares of the company’s stock, valued at approximately $1,989,570. The disclosure for this purchase can be found here. 1.05% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BB&T Securities LLC grew its stake in shares of Hilton Grand Vacations by 4.2% during the fourth quarter. BB&T Securities LLC now owns 13,142 shares of the company’s stock worth $346,000 after buying an additional 534 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Hilton Grand Vacations by 0.6% during the first quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock worth $2,900,000 after buying an additional 594 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Hilton Grand Vacations by 0.5% during the first quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock worth $4,720,000 after buying an additional 693 shares during the last quarter. Pittenger & Anderson Inc. bought a new stake in shares of Hilton Grand Vacations during the first quarter worth $30,000. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Hilton Grand Vacations by 1.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 93,684 shares of the company’s stock worth $2,890,000 after buying an additional 1,450 shares during the last quarter.

A number of brokerages recently issued reports on HGV. Zacks Investment Research cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. SunTrust Banks lifted their price objective on shares of Hilton Grand Vacations to $51.00 and gave the company a “buy” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Credit Suisse Group reissued an “outperform” rating and issued a $37.00 price objective on shares of Hilton Grand Vacations in a research note on Wednesday, March 20th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Friday, May 3rd. Finally, TheStreet cut shares of Hilton Grand Vacations from a “b-” rating to a “c” rating in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $37.33.

NYSE:HGV traded up $0.25 during mid-day trading on Thursday, reaching $29.98. The stock had a trading volume of 34,256 shares, compared to its average volume of 1,796,640. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 1.22 and a beta of 1.83. The company has a debt-to-equity ratio of 2.78, a current ratio of 5.12 and a quick ratio of 3.77. Hilton Grand Vacations has a 12 month low of $24.17 and a 12 month high of $38.19.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The firm had revenue of $450.00 million during the quarter, compared to the consensus estimate of $455.20 million. Hilton Grand Vacations had a net margin of 15.51% and a return on equity of 56.92%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. As a group, analysts anticipate that Hilton Grand Vacations will post 2.7 EPS for the current fiscal year.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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