Iridian Asset Management LLC CT Sells 10,362 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Iridian Asset Management LLC CT lowered its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 portfolio, making the stock its 11th largest position. Iridian Asset Management LLC CT owned about 0.31% of Hilton Grand Vacations worth $10,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HGV. Nantahala Capital Management LLC raised its holdings in shares of Hilton Grand Vacations by 131.8% in the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock valued at $67,422,000 after purchasing an additional 984,166 shares during the last quarter. Norges Bank purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $33,047,000. GRS Advisors LLC purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $24,414,000. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 512,362 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Hilton Grand Vacations by 27.7% in the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after purchasing an additional 443,353 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

NYSE:HGV traded up $0.54 on Friday, reaching $48.51. 1,489,654 shares of the company's stock were exchanged, compared to its average volume of 940,985. The company has a debt-to-equity ratio of 4.01, a current ratio of 3.95 and a quick ratio of 2.49. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 151.59, a P/E/G ratio of 5.56 and a beta of 1.63. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $48.63. The stock has a fifty day simple moving average of $40.75 and a 200-day simple moving average of $39.16.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the 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 transaction, the insider owned 60,270 shares in the company, valued at $2,337,270.60. This trade represents a 45.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by corporate insiders.

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.