Iridian Asset Management LLC CT Purchases 24,053 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Iridian Asset Management LLC CT boosted its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 8.4% in the third quarter, Holdings Channel reports. The institutional investor owned 311,673 shares of the company’s stock after buying an additional 24,053 shares during the period. Hilton Grand Vacations accounts for approximately 2.4% of Iridian Asset Management LLC CT’s holdings, making the stock its 16th largest position. Iridian Asset Management LLC CT’s holdings in Hilton Grand Vacations were worth $11,320,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at approximately $32,000. Blue Trust Inc. grew its stake in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Hilton Grand Vacations in the second quarter valued at $93,000. Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations during the 2nd quarter worth $120,000. Finally, Qsemble Capital Management LP acquired a new position in Hilton Grand Vacations during the 1st quarter worth about $249,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HGV shares. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. Mizuho lowered their price target on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus target price of $43.71.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock opened at $37.81 on Thursday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.97 and a beta of 1.83. 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 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The stock’s 50 day moving average price is $37.09 and its two-hundred day moving average price is $39.64.

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

Hilton Grand Vacations Company 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.