Iridian Asset Management LLC CT Cuts Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Iridian Asset Management LLC CT lowered its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 289,601 shares of the company's stock after selling 10,362 shares during the period. Hilton Grand Vacations comprises about 3.4% of Iridian Asset Management LLC CT's investment portfolio, making the stock its 11th biggest holding. Iridian Asset Management LLC CT owned approximately 0.31% of Hilton Grand Vacations worth $10,834,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nantahala Capital Management LLC boosted its holdings in shares of Hilton Grand Vacations by 131.8% during the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after purchasing an additional 984,166 shares during the period. Norges Bank bought a new position in Hilton Grand Vacations during the 4th quarter valued at approximately $33,047,000. GRS Advisors LLC purchased a new stake in Hilton Grand Vacations in the 4th quarter worth approximately $24,414,000. Dimensional Fund Advisors LP boosted its holdings in Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock valued at $114,329,000 after acquiring an additional 512,362 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Hilton Grand Vacations by 27.7% in the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after buying an additional 443,353 shares in the last quarter. Institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JMP Securities reissued a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Morgan Stanley decreased their price objective on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Barclays reduced their target price on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Mizuho boosted their price objective on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.00.

Insider Transactions at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the sale, the insider owned 60,270 shares of the company's stock, valued at $2,337,270.60. This represents a 45.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% of the company's stock.

Hilton Grand Vacations Stock Up 2.0%

Shares of NYSE HGV traded up $0.90 during midday trading on Wednesday, hitting $46.56. The stock had a trading volume of 1,099,897 shares, compared to its average volume of 934,380. The company has a market cap of $4.27 billion, a P/E ratio of 24.42, a PEG ratio of 5.23 and a beta of 1.63. The business's 50 day moving average is $40.08 and its 200-day moving average is $39.00. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $46.66. The company has a quick ratio of 2.49, a current ratio of 3.95 and a debt-to-equity ratio of 4.01.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. As a group, analysts predict that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

About Hilton Grand Vacations

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.