Hilton Grand Vacations Target of Unusually High Options Trading (NYSE:HGV)

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Hilton Grand Vacations Inc (NYSE:HGV) was the target of unusually large options trading activity on Monday. Stock investors bought 11,232 put options on the company. This is an increase of 3,388% compared to the typical volume of 322 put options.

NYSE HGV opened at $34.43 on Tuesday. The firm has a 50 day simple moving average of $34.60 and a 200-day simple moving average of $33.00. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.30 and a beta of 1.93. Hilton Grand Vacations has a one year low of $24.83 and a one year high of $36.56. The company has a debt-to-equity ratio of 3.42, a quick ratio of 3.27 and a current ratio of 4.41.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.10. The firm had revenue of $466.00 million for the quarter, compared to analysts’ expectations of $460.48 million. Hilton Grand Vacations had a net margin of 13.12% and a return on equity of 47.96%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. Equities analysts predict that Hilton Grand Vacations will post 2.07 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its holdings in Hilton Grand Vacations by 4,826.3% during the third quarter. Quadrant Capital Group LLC now owns 936 shares of the company’s stock worth $29,000 after purchasing an additional 917 shares in the last quarter. Lorber David A acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $74,000. Tower Research Capital LLC TRC acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $129,000. BBVA USA Bancshares Inc. acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at approximately $338,000. Finally, Brinker Capital Inc. raised its position in shares of Hilton Grand Vacations by 5.0% during the 3rd quarter. Brinker Capital Inc. now owns 11,088 shares of the company’s stock valued at $355,000 after acquiring an additional 529 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors.

HGV has been the subject of a number of recent analyst reports. Nomura lifted their price target on shares of Hilton Grand Vacations from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Goldman Sachs Group cut shares of Hilton Grand Vacations from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $37.00 in a research note on Thursday, September 19th. Zacks Investment Research lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. TheStreet upgraded shares of Hilton Grand Vacations from a “c+” rating to a “b-” rating in a research report on Friday, December 13th. Finally, Janney Montgomery Scott cut shares of Hilton Grand Vacations from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Wednesday, September 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.63.

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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