Tagged: 2017

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JPMorgan Chase & Co. Has $158.08 Million Holdings in Hilton Grand Vacations Inc. (HGV)

JPMorgan Chase & Co. lessened its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,383,906 shares of the company’s stock after selling 554,103 shares during the quarter. JPMorgan Chase & Co. owned approximately 4.42% of Hilton Grand Vacations worth $158,084,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in Hilton Grand Vacations by 129.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after buying an additional 3,500 shares during the period. Pacad Investment Ltd. grew its position in shares of Hilton Grand Vacations by 6.7% in the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after purchasing an additional 400 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at about $263,000. Seven Bridges Advisors LLC grew its position in shares of Hilton Grand Vacations by 93.6% in the second quarter. Seven Bridges Advisors LLC now owns 10,574 shares of the company’s stock valued at $381,000 after purchasing an additional 5,113 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at about $390,000. Institutional investors own 97.90% of the company’s stock.

Several analysts have recently issued reports on HGV shares. Zacks Investment Research[1] lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Buckingham Research started coverage on shares of Hilton Grand Vacations in a research report on Monday, June 19th. They issued a “buy” rating and a $42.00 target price on the stock. Nomura boosted their price target on shares of Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Instinet restated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd. Nine analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $38.44.

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Hilton Grand Vacations Inc. (NYSE:HGV[2]) opened at 37.97 on Friday. Hilton Grand Vacations Inc. has a 52-week low of $24.60 and a 52-week high of $38.62. The firm has a market capitalization of $3.76 billion and a price-to-earnings ratio of 21.61. The company’s 50-day moving average is $36.26 and its 200-day moving average is $36.26.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $413.33 million. Hilton Grand Vacations’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts predict that Hilton Grand Vacations Inc. will post $1.94 earnings per share for the current year.

In other Hilton Grand Vacations news, Director David William Johnson acquired 28,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $35.16 per share, with a total value of $984,480.00. Following the purchase, the director now owns 33,000 shares in the company, valued at $1,160,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink[3]. 0.46% of the stock is currently owned by corporate insiders.

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.

Receive News & Ratings for Hilton Grand Vacations Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hilton Grand Vacations Inc. and related companies with MarketBeat.com’s FREE daily email newsletter[4].

References

  1. ^ Zacks Investment Research (www.americanconsumernews.net)
  2. ^ NYSE:HGV (www.marketbeat.com)
  3. ^ this hyperlink (www.sec.gov)
  4. ^ MarketBeat.com’s FREE daily email newsletter (stocknewstimes.com)
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First Trust Advisors LP Acquires 8924 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

First Trust Advisors LP grew its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 13.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,403 shares of the company’s stock after buying an additional 8,924 shares during the period. First Trust Advisors LP owned approximately 0.08% of Hilton Grand Vacations worth $2,755,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of HGV. Spark Investment Management LLC raised its position in Hilton Grand Vacations by 151.7% in the 2nd 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 last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $3,462,000. First Quadrant L P CA purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $2,911,000. Gateway Investment Advisers LLC increased its position in shares of Hilton Grand Vacations by 220.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 89,482 shares of the company’s stock valued at $3,227,000 after purchasing an additional 61,562 shares during the last quarter. Finally, Beach Point Capital Management LP increased its position in shares of Hilton Grand Vacations by 5.9% during the 2nd quarter. Beach Point Capital Management LP now owns 901,338 shares of the company’s stock valued at $32,502,000 after purchasing an additional 50,000 shares during the last quarter. 97.90% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on HGV shares. Zacks Investment Research[1] downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Buckingham Research started coverage on Hilton Grand Vacations in a research note on Monday, June 19th. They issued a “buy” rating and a $42.00 target price for the company. Instinet restated a “buy” rating and issued a $45.00 target price (up previously from $44.00) on shares of Hilton Grand Vacations in a research note on Thursday, August 3rd. Finally, Nomura raised their target price on Hilton Grand Vacations from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Nine research analysts have rated the stock with a buy rating, Hilton Grand Vacations has a consensus rating of “Buy” and a consensus price target of $38.44.

Shares of Hilton Grand Vacations Inc. (NYSE HGV[2]) traded up 2.51% during trading on Thursday, reaching $37.97. The company’s stock had a trading volume of 1,254,982 shares. The stock has a market cap of $3.76 billion and a price-to-earnings ratio of 21.61. Hilton Grand Vacations Inc. has a 12-month low of $24.60 and a 12-month high of $38.62. The company has a 50 day moving average of $36.26 and a 200-day moving average of $36.26.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data 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 company had revenue of $439.00 million during the quarter, compared to analyst estimates of $413.33 million. The business’s revenue was up 12.3% compared to the same quarter last year. Analysts forecast that Hilton Grand Vacations Inc. will post $1.94 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/09/21/first-trust-advisors-lp-grows-position-in-hilton-grand-vacations-inc-hgv.html.

In related news, Director David William Johnson bought 28,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $35.16 per share, with a total value of $984,480.00. Following the completion of the acquisition, the director now owns 33,000 shares in the company, valued at approximately $1,160,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link[3]. Corporate insiders own 0.46% 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.

Receive News & Ratings for Hilton Grand Vacations Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hilton Grand Vacations Inc. and related companies with MarketBeat.com’s FREE daily email newsletter[4].

References

  1. ^ Zacks Investment Research (www.americanconsumernews.net)
  2. ^ NYSE HGV (www.marketbeat.com)
  3. ^ this link (www.sec.gov)
  4. ^ MarketBeat.com’s FREE daily email newsletter (stocknewstimes.com)
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Man killed in Caledonia Twp. crash involving dump truck

CALEDONIA TOWNSHIP, Mich. (WOOD) – A Kent County man is dead after a dump truck hit his vehicle in Caledonia Township, according to authorities.

It happened around 11:45 a.m. Thursday at 68th Street and Cherry Valley Avenue SE in Caledonia Township.

The Kent County Sheriff’s Department believes an eastbound dump truck crossed the center line and hit the man’s pickup truck moments after he turned left onto westbound 68th Street.

Deadly Caledonia Township crash

Authorities respond to a deadly crash involving a pickup truck and a dump truck at 68th Street and Cherry Valley Avenue SE in Caledonia Township. (Sept. 21, 2017)
Authorities respond to a deadly crash involving a pickup truck and a dump truck at 68th Street and Cherry Valley Avenue SE in Caledonia Township. (Sept. 21, 2017)
Authorities respond to a deadly crash involving a pickup truck and a dump truck at 68th Street and Cherry Valley Avenue SE in Caledonia Township. (Sept. 21, 2017)
The scene of a crash at 68th Street and Cherry Valley Avenue in Caledonia Township on Sept. 21, 2017.

Deadly Caledonia Township crash x

Authorities respond to a deadly crash involving a pickup truck and a dump truck at 68th Street and Cherry Valley Avenue SE in Caledonia Township. (Sept. 21, 2017)
Authorities respond to a deadly crash involving a pickup truck and a dump truck at 68th Street and Cherry Valley Avenue SE in Caledonia Township. (Sept. 21, 2017)
Authorities respond to a deadly crash involving a pickup truck and a dump truck at 68th Street and Cherry Valley Avenue SE in Caledonia Township. (Sept. 21, 2017)
The scene of a crash at 68th Street and Cherry Valley Avenue in Caledonia Township on Sept. 21, 2017.
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The pickup truck driver died at the scene. He was identified later Thursday as 21-year-old Lucas Yonker of Alto.

The other driver, 50-year-old Arthur Nash Jr. from Lansing, was taken to the hospital with injuries that are not life-threatening, according to deputies.

The dump truck is owned by Snyder Asphalt, which was conducting operations in the area of the crash.

Investigators do not believe alcohol played a role in the crash, which is under investigation.

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