Iridian Asset Management LLC CT Sells 30,618 Shares of 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 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,837 shares of the company's stock after selling 30,618 shares during the quarter. Hilton Grand Vacations accounts for 1.0% of Iridian Asset Management LLC CT's holdings, making the stock its 26th biggest position. Iridian Asset Management LLC CT owned approximately 0.12% of Hilton Grand Vacations worth $5,257,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Hilton Grand Vacations by 327.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 547 shares of the company's stock valued at $28,000 after acquiring an additional 419 shares in the last quarter. Signaturefd LLC grew its stake in Hilton Grand Vacations by 78.6% in the third quarter. Signaturefd LLC now owns 625 shares of the company's stock valued at $25,000 after purchasing an additional 275 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Hilton Grand Vacations during the 1st quarter worth approximately $37,000. Itau Unibanco Holding S.A. bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $47,000. Finally, Covestor Ltd boosted its holdings in shares of Hilton Grand Vacations by 642.2% in the 1st quarter. Covestor Ltd now owns 1,195 shares of the company's stock valued at $62,000 after buying an additional 1,034 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded down $1.68 during trading hours on Friday, reaching $43.54. 470,388 shares of the stock were exchanged, compared to its average volume of 776,600. The stock's fifty day simple moving average is $45.11 and its 200 day simple moving average is $40.91. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.94 and a beta of 1.93. Hilton Grand Vacations Inc. has a 52 week low of $33.13 and a 52 week high of $49.02. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. Sell-side analysts predict that Hilton Grand Vacations Inc. will post 4.07 EPS for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the transaction, the insider now directly owns 166,997 shares of the company's stock, valued at $7,711,921.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the sale, the insider now directly owns 51,855 shares in the company, valued at $2,437,185. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the completion of the transaction, the insider now owns 166,997 shares of the company's stock, valued at $7,711,921.46. The disclosure for this sale can be found here. Insiders sold 89,557 shares of company stock valued at $4,142,832 in the last quarter. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HGV shares. Truist Financial boosted their target price on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Mizuho started coverage on shares of Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a "buy" rating and a $63.00 target price on the stock. JMP Securities reiterated a "market outperform" rating and set a $55.00 price target on shares of Hilton Grand Vacations in a report on Friday, March 1st. Barclays upped their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group upgraded Hilton Grand Vacations from a "hold" rating to a "buy" rating and lifted their target price for the stock from $39.00 to $50.00 in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.29.

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.