Hilton Grand Vacations Inc (NYSE:HGV) was the target of some unusual options trading activity on Thursday. Investors acquired 1,632 put options on the company. This represents an increase of 1,992% compared to the average volume of 78 put options.
HGV has been the topic of a number of analyst reports. SunTrust Banks set a $50.00 price objective on shares of Hilton Grand Vacations and gave the company a “buy” rating in a report on Thursday, March 1st. ValuEngine upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, January 3rd. Finally, Macquarie initiated coverage on shares of Hilton Grand Vacations in a report on Friday, January 5th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.00.
Shares of Hilton Grand Vacations (NYSE HGV) opened at $43.89 on Friday. Hilton Grand Vacations has a fifty-two week low of $27.96 and a fifty-two week high of $47.75. The firm has a market cap of $4,664.84, a price-to-earnings ratio of 23.86 and a beta of 0.96. The company has a debt-to-equity ratio of 2.06, a current ratio of 4.49 and a quick ratio of 3.34.
Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Hilton Grand Vacations by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after acquiring an additional 202 shares in the last quarter. Rhumbline Advisers raised its stake in Hilton Grand Vacations by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 66,938 shares of the company’s stock worth $2,586,000 after acquiring an additional 1,306 shares in the last quarter. American International Group Inc. raised its stake in Hilton Grand Vacations by 204.0% during the 4th quarter. American International Group Inc. now owns 2,432 shares of the company’s stock worth $102,000 after acquiring an additional 1,632 shares in the last quarter. California Public Employees Retirement System raised its stake in Hilton Grand Vacations by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 77,497 shares of the company’s stock worth $2,994,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Hilton Grand Vacations by 1.8% during the 4th quarter. Teachers Advisors LLC now owns 108,949 shares of the company’s stock worth $4,570,000 after acquiring an additional 1,914 shares in the last quarter. Institutional investors and hedge funds own 97.51% of the company’s stock.
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About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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