Hilton Grand Vacations Inc. $HGV is Iridian Asset Management LLC CT’s 9th Largest Position

Iridian Asset Management LLC CT lifted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 38.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,055 shares of the company’s stock after purchasing an additional 75,453 shares during the quarter. Hilton Grand Vacations comprises approximately 4.5% of Iridian Asset Management LLC CT’s portfolio, making the stock its 9th largest holding. Iridian Asset Management LLC CT owned approximately 0.31% of Hilton Grand Vacations worth $11,458,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. North Peak Capital Management LLC increased its stake in Hilton Grand Vacations by 11.3% in the 2nd quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after acquiring an additional 693,495 shares during the last quarter. 683 Capital Management LLC grew its holdings in shares of Hilton Grand Vacations by 1.2% during the second quarter. 683 Capital Management LLC now owns 775,000 shares of the company’s stock worth $32,186,000 after purchasing an additional 9,000 shares in the last quarter. PB Investment Partners L.P. increased its position in shares of Hilton Grand Vacations by 6.7% in the second quarter. PB Investment Partners L.P. now owns 610,098 shares of the company’s stock worth $25,337,000 after purchasing an additional 38,540 shares during the last quarter. Norges Bank bought a new position in shares of Hilton Grand Vacations in the second quarter worth approximately $23,163,000. Finally, Marshall Wace LLP raised its stake in Hilton Grand Vacations by 17.1% in the second quarter. Marshall Wace LLP now owns 479,513 shares of the company’s stock valued at $19,914,000 after purchasing an additional 69,906 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 30,426 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the completion of the transaction, the insider directly owned 60,270 shares of the company’s stock, valued at approximately $2,519,888.70. This represents a 33.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by insiders.

Hilton Grand Vacations Stock Up 2.2%

Shares of NYSE:HGV opened at $48.13 on Monday. The stock has a market capitalization of $4.12 billion, a P/E ratio of 87.51, a price-to-earnings-growth ratio of 3.22 and a beta of 1.48. The stock’s 50-day moving average price is $42.67 and its 200-day moving average price is $44.30. The company has a current ratio of 5.02, a quick ratio of 3.12 and a debt-to-equity ratio of 4.67. Hilton Grand Vacations Inc. has a 12-month low of $30.59 and a 12-month high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.41). Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned $0.67 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on HGV. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price target on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Truist Financial cut their target price on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Wells Fargo & Company began coverage on Hilton Grand Vacations in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price target on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Monday, December 29th. Finally, Zacks Research upgraded Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.75.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.