Sender Co & Partners Inc. Buys Shares of 13,032 Hilton Grand Vacations Inc. $HGV

Key Points

• Sender Co & Partners Inc. has invested $488,000 in Hilton Grand Vacations Inc., acquiring 13,032 shares, indicating strong institutional interest in the stock.
• Hilton Grand Vacations reported an earnings miss for its last quarter, with earnings per share of $0.54 falling short of analyst expectations of $0.78.
• Despite the recent earnings miss, several analysts have raised their price targets for the stock, with the average target now at $53.29, reflecting a general expectation for future growth.

Sender Co & Partners Inc. purchased a new position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,032 shares of the company's stock, valued at approximately $488,000.

A number of other large investors also recently modified their holdings of HGV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hilton Grand Vacations by 0.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock worth $1,585,000 after purchasing an additional 303 shares during the period. Covey Capital Advisors LLC lifted its stake in shares of Hilton Grand Vacations by 0.8% in the 1st quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company's stock worth $1,668,000 after acquiring an additional 357 shares during the period. Fifth Third Bancorp lifted its stake in shares of Hilton Grand Vacations by 8.8% in the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after acquiring an additional 364 shares during the period. Signaturefd LLC boosted its holdings in shares of Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after acquiring an additional 497 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Hilton Grand Vacations by 106.8% during the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after acquiring an additional 550 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HGV. Barclays upped their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Mizuho boosted their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Truist Financial decreased their target price on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. The Goldman Sachs Group reaffirmed a "sell" rating and set a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $53.29.

Insider Activity

In related news, insider Mark D. Wang sold 46,364 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total value of $2,194,871.76. Following the completion of the sale, the insider owned 801,681 shares in the company, valued at approximately $37,951,578.54. This represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV traded down $1.95 during mid-day trading on Wednesday, reaching $45.32. The company had a trading volume of 1,171,049 shares, compared to its average volume of 1,154,673. The company has a 50-day moving average price of $46.63 and a two-hundred day moving average price of $41.00. The stock has a market cap of $4.04 billion, a PE ratio of 26.41, a P/E/G ratio of 4.03 and a beta of 1.67. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.