Iridian Asset Management LLC CT Reduces Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Iridian Asset Management LLC CT lowered its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 299,963 shares of the company’s stock after selling 11,710 shares during the period. Hilton Grand Vacations comprises about 3.1% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 11th biggest holding. Iridian Asset Management LLC CT owned 0.30% of Hilton Grand Vacations worth $11,684,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at about $25,000. Blue Trust Inc. raised its holdings in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the period. KBC Group NV lifted its position in Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after purchasing an additional 889 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Hilton Grand Vacations during the fourth quarter valued at about $204,000. Finally, Wittenberg Investment Management Inc. purchased a new position in shares of Hilton Grand Vacations during the 3rd quarter valued at about $345,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Analyst Upgrades and Downgrades

HGV has been the topic of several recent analyst reports. Barclays restated an “equal weight” rating and set a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Mizuho decreased their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Truist Financial lowered their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. JMP Securities decreased their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.00.

Insiders Place Their Bets

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares of the company’s stock, valued at $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. 2.30% of the stock is owned by company insiders.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV opened at $42.61 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a market cap of $4.20 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.85. The firm’s 50 day simple moving average is $40.20 and its 200-day simple moving average is $39.05. Hilton Grand Vacations Inc. has a one year low of $33.21 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

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.