Iridian Asset Management LLC CT Has $11.32 Million Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Iridian Asset Management LLC CT lifted its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 311,673 shares of the company's stock after buying an additional 24,053 shares during the period. Hilton Grand Vacations makes up about 2.4% of Iridian Asset Management LLC CT's holdings, making the stock its 16th biggest holding. Iridian Asset Management LLC CT owned 0.30% of Hilton Grand Vacations worth $11,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter valued at approximately $32,000. Blue Trust Inc. grew its position in shares of 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. Canada Pension Plan Investment Board bought a new stake in shares of Hilton Grand Vacations in the second quarter worth $93,000. Ashton Thomas Private Wealth LLC acquired a new stake in Hilton Grand Vacations in the second quarter valued at $120,000. Finally, Qsemble Capital Management LP bought a new position in Hilton Grand Vacations during the 1st quarter valued at $249,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of research reports. StockNews.com cut shares of Hilton Grand Vacations from a "hold" rating to a "sell" rating in a report on Monday, August 12th. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a "sell" rating and a $31.00 target price on the stock. Truist Financial decreased their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Mizuho dropped their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Finally, Barclays decreased their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Grand Vacations has an average rating of "Hold" and an average price target of $43.71.

Hilton Grand Vacations Trading Down 2.6 %

Shares of Hilton Grand Vacations stock traded down $0.97 on Thursday, reaching $36.88. 691,922 shares of the company were exchanged, compared to its average volume of 769,116. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18. Hilton Grand Vacations Inc. has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.97 and a beta of 1.83. The stock has a fifty day moving average price of $37.09 and a 200-day moving average price of $39.64.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm's revenue was up 22.6% compared to the same quarter last year. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.55 EPS for the current year.

Hilton Grand Vacations 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.