Iridian Asset Management LLC CT Has $11.46 Million Holdings in Hilton Grand Vacations Inc. $HGV

Iridian Asset Management LLC CT lifted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 38.0% in the 3rd quarter, Holdings Channel reports. The firm owned 274,055 shares of the company’s stock after acquiring an additional 75,453 shares during the period. Hilton Grand Vacations accounts for 4.5% of Iridian Asset Management LLC CT’s portfolio, making the stock its 9th biggest holding. Iridian Asset Management LLC CT’s holdings in Hilton Grand Vacations were worth $11,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Hilton Grand Vacations by 136.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after buying an additional 520 shares during the last quarter. CWM LLC lifted its stake in Hilton Grand Vacations by 69.8% in the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after purchasing an additional 525 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth about $190,000. Finally, Securian Asset Management Inc. raised its holdings in shares of Hilton Grand Vacations by 5.0% during the 3rd quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock worth $193,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 30,426 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the transaction, the insider directly owned 60,270 shares of the company’s stock, valued at $2,519,888.70. This trade represents a 33.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

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

Hilton Grand Vacations Stock Up 2.2%

HGV stock opened at $48.13 on Monday. The company has a debt-to-equity ratio of 4.67, a quick ratio of 3.12 and a current ratio of 5.02. Hilton Grand Vacations Inc. has a one year low of $30.59 and a one year high of $52.08. The firm’s fifty day moving average is $42.67 and its 200 day moving average is $44.30. The firm has a market cap of $4.12 billion, a PE ratio of 87.51, a P/E/G ratio of 3.22 and a beta of 1.48.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.37 billion. Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations Profile

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.