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

Iridian Asset Management LLC CT lessened its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 299,963 shares of the company’s stock after selling 11,710 shares during the period. Hilton Grand Vacations accounts for approximately 3.1% of Iridian Asset Management LLC CT’s investment portfolio, making the stock its 11th biggest position. Iridian Asset Management LLC CT’s holdings in Hilton Grand Vacations were worth $11,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. lifted its position in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Hilton Grand Vacations during the third quarter worth about $25,000. KBC Group NV increased its holdings in shares of Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after buying an additional 889 shares during the last quarter. Creative Planning increased its stake in Hilton Grand Vacations by 17.1% during the third quarter. Creative Planning now owns 15,381 shares of the company’s stock worth $559,000 after acquiring an additional 2,245 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Hilton Grand Vacations by 16.9% in the 3rd quarter. Victory Capital Management Inc. now owns 17,140 shares of the company’s stock valued at $623,000 after purchasing an additional 2,477 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 of the company’s stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the transaction, the insider now owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This represents 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 currently owned by company insiders.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV opened at $42.61 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 48.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.85. The stock’s 50-day moving average is $40.20 and its two-hundred day moving average is $39.05. Hilton Grand Vacations Inc. has a 1-year low of $33.21 and a 1-year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts forecast that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HGV shares. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities decreased their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Morgan Stanley started coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

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.