Iridian Asset Management LLC CT Grows Stock Position in Hilton Grand Vacations Inc. $HGV

Iridian Asset Management LLC CT boosted its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 69.7% during the fourth quarter, Holdings Channel reports. The fund owned 464,964 shares of the company’s stock after acquiring an additional 190,909 shares during the period. Hilton Grand Vacations comprises 7.7% of Iridian Asset Management LLC CT’s holdings, making the stock its 3rd biggest holding. Iridian Asset Management LLC CT’s holdings in Hilton Grand Vacations were worth $20,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Securian Asset Management Inc. grew its stake in shares of Hilton Grand Vacations by 5.0% during the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock valued at $193,000 after buying an additional 222 shares during the last quarter. Waterway Wealth Management LLC grew its stake in shares of Hilton Grand Vacations by 4.3% during the third quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock valued at $332,000 after buying an additional 325 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after buying an additional 349 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Hilton Grand Vacations by 73.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $46,000 after buying an additional 468 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Hilton Grand Vacations by 3.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,994 shares of the company’s stock valued at $543,000 after buying an additional 481 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Up 0.0%

NYSE HGV opened at $44.94 on Monday. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17. The stock has a market capitalization of $3.65 billion, a PE ratio of 49.38, a PEG ratio of 0.62 and a beta of 1.49. Hilton Grand Vacations Inc. has a 1 year low of $31.94 and a 1 year high of $52.08. The business’s 50-day moving average is $43.87 and its 200 day moving average is $43.56.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.17). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HGV shares. Wall Street Zen raised Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Morgan Stanley raised their price objective on Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday. Jefferies Financial Group raised their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings raised Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Finally, Zacks Research raised Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.00.

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.