Hilton Grand Vacations dips as top holder Apollo to carve stake
** Shares of timeshare operator Hilton Grand Vacations HGV.N down 2.3% at $43.95 after secondary offering news
** Orlando, Florida-based firm HGV says entities managed by Apollo Global Management APO.N to offload 7 mln shares
** Also, HGV to concurrently repurchase $40 mln worth of the offering shares from the underwriters
** Wells Fargo is lead bookrunner for the offering
** Prior to the offering, Apollo owns ~26.3 mln shares for nearly 30% stake in HGV
** With ~89 mln shares outstanding, HGV has $4 bln market cap
** HGV shares on Tues rose 3.4% to $44.97, extending YTD gain to ~15%
** Of 9 analysts covering HGV, 5 rate "buy", 3 have "hold" and 1 has "sell" rating; median PT of $51 up from $42.50 a month ago, LSEG data reflects
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