Hilton Grand Vacations Inc. (NYSE:HGV) – Stock analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for shares of Hilton Grand Vacations in a research report issued to clients and investors on Thursday. SunTrust Banks analyst B. Dalinka now forecasts that the company will post earnings per share of $1.94 for the year, up from their previous estimate of $1.88. SunTrust Banks also issued estimates for Hilton Grand Vacations’ Q4 2017 earnings at $0.50 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.57 EPS and FY2018 earnings at $2.11 EPS.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $439 million for the quarter, compared to the consensus estimate of $413.33 million. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year.

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HGV has been the subject of several other reports. Zacks Investment Research downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Janney Montgomery Scott restated a “buy” rating and set a $38.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, April 20th. Nomura restated a “buy” rating and set a $43.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, May 5th. J P Morgan Chase & Co initiated coverage on shares of Hilton Grand Vacations in a research report on Wednesday, April 12th. They set an “overweight” rating and a $37.00 price objective for the company. Finally, Instinet restated a “buy” rating and set a $45.00 price objective (up from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $38.56.

In related news, insider Mark D. Wang acquired 28,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $36.08 per share, for a total transaction of $1,010,240.00. Following the completion of the transaction, the insider now directly owns 312,325 shares of the company’s stock, valued at approximately $11,268,686. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $341,610,000.00. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

A number of large investors have recently modified their holdings of HGV. First Quadrant L P CA bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at about $2,911,000. Gateway Investment Advisers LLC increased its stake in shares of Hilton Grand Vacations by 220.5% in the second quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock valued at $3,227,000 after buying an additional 61,562 shares during the period. Highland Capital Management LLC bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at about $914,000. Spark Investment Management LLC increased its stake in shares of Hilton Grand Vacations by 151.7% in the second quarter. Spark Investment Management LLC now owns 159,800 shares of the company’s stock valued at $5,762,000 after buying an additional 96,300 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of Hilton Grand Vacations by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock valued at $404,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 95.72% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

Earnings History and Estimates for Hilton Grand Vacations (NYSE:HGV)

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