Iridian Asset Management LLC CT Sells 11,710 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Iridian Asset Management LLC CT trimmed its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 3.8% during the fourth 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 largest position. Iridian Asset Management LLC CT owned 0.30% of Hilton Grand Vacations worth $11,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after purchasing an additional 917,397 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock worth $117,402,000 after acquiring an additional 499,067 shares during the last quarter. Barclays PLC lifted its stake in shares of Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after acquiring an additional 188,997 shares during the period. Edgestream Partners L.P. bought a new position in Hilton Grand Vacations in the third quarter valued at about $2,688,000. Finally, Intech Investment Management LLC acquired a new stake in Hilton Grand Vacations in the third quarter worth about $2,385,000. 97.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares of the company's stock, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction dated 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 directly 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 position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HGV shares. JMP Securities reduced their target price on shares of 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. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They set an "overweight" rating and a $47.00 target price for the company. Mizuho reduced their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 12th. Barclays restated an "equal weight" rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Finally, The Goldman Sachs Group raised their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $44.00.

Hilton Grand Vacations Stock Up 0.2 %

Shares of NYSE HGV traded up $0.09 during midday trading on Tuesday, reaching $41.39. The company's stock had a trading volume of 288,806 shares, compared to its average volume of 737,285. The stock has a 50 day simple moving average of $40.20 and a 200-day simple moving average of $39.01. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 47.02, a PEG ratio of 2.24 and a beta of 1.85. Hilton Grand Vacations Inc. has a fifty-two week low of $33.21 and a fifty-two week high of $49.02.

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.