Sender Co & Partners Inc. Acquires 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 stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,032 shares of the company's stock, valued at approximately $488,000.

Other institutional investors have also bought and sold shares of the company. GRS Advisors LLC bought a new position in Hilton Grand Vacations in the 4th quarter valued at $24,414,000. Long Pond Capital LP raised its position in Hilton Grand Vacations by 32.1% in the 1st quarter. Long Pond Capital LP now owns 1,829,495 shares of the company's stock valued at $68,441,000 after purchasing an additional 444,240 shares during the last quarter. Millennium Management LLC raised its position in Hilton Grand Vacations by 27.7% in the 4th quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock valued at $79,664,000 after purchasing an additional 443,353 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hilton Grand Vacations by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company's stock valued at $125,737,000 after purchasing an additional 425,925 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Hilton Grand Vacations during the first quarter worth $10,467,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Insider Buying and Selling

In related news, insider Mark D. Wang sold 46,364 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the completion of the transaction, the insider directly owned 801,681 shares of the company's stock, valued at approximately $37,951,578.54. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

Hilton Grand Vacations Stock Down 1.8%

Shares of HGV stock traded down $0.85 on Friday, hitting $45.40. 291,613 shares of the stock were exchanged, compared to its average volume of 1,032,817. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The firm has a market capitalization of $4.04 billion, a P/E ratio of 82.60, a price-to-earnings-growth ratio of 3.85 and a beta of 1.67. The business has a 50-day moving average of $46.66 and a 200 day moving average of $41.03. Hilton Grand Vacations Inc. has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly 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 analyst estimates of $1.38 billion. During the same period last year, the company posted $0.62 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 13th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

About Hilton Grand Vacations

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.