NYSE:HGVHospitality
Assessing Hilton Grand Vacations (HGV) Valuation After Iridian’s Increased Stake And Solid Operating Results
Iridian’s increased stake and recent operating performance
Hilton Grand Vacations (HGV) came into focus after Iridian Asset Management lifted its holdings by 190,909 shares in the fourth quarter, an US$8.11 million addition tied to recent operating trends.
Iridian now allocates nearly 8% of its reportable assets to Hilton Grand Vacations, following company updates that included a 17% year over year rise in contract sales and reaffirmed full year adjusted EBITDA guidance.
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