Core Insights - Iridian Asset Management increased its stake in Hilton Grand Vacations (NYSE:HGV) by purchasing 190,909 shares for an estimated value of $8.11 million, reflecting a significant investment in the company [2][3][7] - The total value of Iridian's position in Hilton Grand Vacations rose by $9.35 million at the end of the quarter, indicating positive trading and price effects [3][7] - Hilton Grand Vacations now represents 7.66% of Iridian's reportable assets under management, highlighting its importance in the fund's portfolio [4][10] Company Overview - Hilton Grand Vacations is a leading timeshare company with a diversified revenue base, operating in real estate sales, consumer financing, and resort management [9][12] - The company reported a total revenue of $5.00 billion and a net income of $53.00 million for the trailing twelve months [5] - As of January 22, shares of Hilton Grand Vacations were priced at $46.65, reflecting a 14.17% increase over the past year, which is comparable to the S&P 500's 14% gain [4][5] Financial Performance - In the third quarter, Hilton Grand Vacations achieved $907 million in contract sales, marking a nearly 17% year-over-year increase, while adjusted EBITDA reached $245 million [10] - Management reaffirmed its full-year adjusted EBITDA guidance of $1.125 billion to $1.165 billion, indicating confidence in cash generation despite some revenue deferrals [10] - CEO Mark Wang emphasized broad-based operational and financial performance, which is expected to support long-term cash flow and shareholder returns [11]