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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.

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Watch the moment reckless lorry driver strikes level crossing barrier …

Comments (0)[1]

CCTV of a Bulgarian lorry driver shows the moment he carelessly drove over an Essex[2] level crossing as the barriers were descending.

Tencho Hristov, of Pelham Road, Lincolnshire appeared before Chelmsford[3] Crown Court on Thursday (September 14) where he was sentenced to eight months imprisonment.

He had been found guilty of one count of obstructing any engine or carriage using the railway, a wilful omission or neglect, and one count of failing to report a road accident.

The incident, which occurred on June 21 of this year, damaged the level crossing adjacent to Roydon[4] station in Essex.

ALSO READ: Bulgarian driver jailed for trapping HGV on level crossing at Roydon station and smashing barrier[5]

At around 10.45am, Hristov approached the level crossing and the lights began illuminating which indicated the barriers were about to lower.

Hristov, however, proceeded to drive over the crossing despite the warnings. This resulted in the barriers becoming trapped between the driver’s cab and the trailer.

The train tracks were then dangerously obstructed by his vehicle.

Hristov jumped out of his cab and then walked around the vehicle for three minutes, failing to alert the emergency services to a potentially impending disaster. Eventually, he returned to his vehicle and drove forward, causing damage to the barriers.

He drove away from the area and did not report the incident to police[6].

The cost of repairing the level crossing, as well as delays caused to services is estimated to be more than £23,000.

Inspector Steve Webster from British Transport Police, said: “Because of Hristov’s recklessness, there was a very real risk that the approaching train could have collided with the truck. Instead of calling the emergency services – like a sensible person would – or even moving his vehicle to safety, he remained on the tracks, inspecting his vehicle, when a train could have collided with him at any moment.

ALSO READ: British Transport Police say death of person struck by train at Ingatestone is ‘unexplained’[7]

“It is difficult to understand why road users continue to ignore the warning signs at level crossings. Trains travel at extremely high speed and impatience can have serious consequences. I would remind motorists to obey warning lights and do not drive over the crossing when the barriers are in action.

“I welcome this tough sentence that Hristov was handed as hopefully it will deter anyone else from thinking they can illegally drive over a level crossing. Thankfully, signallers were able to alert the driver of the approaching train before any serious injury was caused. A disaster was very narrowly avoided.”

The 30-year-old was handed an eight month custodial sentence and a two year and eight months driving ban.


  1. ^ Comments (0) (www.essexlive.news)
  2. ^ Essex (www.essexlive.news)
  3. ^ Chelmsford (www.essexlive.news)
  4. ^ Roydon (www.essexlive.news)
  5. ^ Bulgarian driver jailed for trapping HGV on level crossing at Roydon station and smashing barrier (www.essexlive.news)
  6. ^ police (www.essexlive.news)
  7. ^ British Transport Police say death of person struck by train at Ingatestone is ‘unexplained’ (www.essexlive.news)
Kenworth country – Owner//Driver 0

Kenworth country – Owner//Driver

Date: 22.09.2017

Born and bred in rural South Australia, Dave ‘Stix’ Stocker is content to keep it country behind the wheel of a 2010 Kenworth T908. Peter and Di Schlenk write

Dave ‘Stix’ Stocker is a country boy at heart with his 908.

Dave Stocker, better known as ‘Stix’, was in the queue at an Adelaide truck wash when Owner//Driver caught up with him recently.

Stix was behind the wheel of a Kenworth T908, owned by McMillan & Sons Haulage which is based in Mallala just north of Adelaide.

“I’m lucky I have a time slot to have it washed so it worked out well for me today,” Stix smiles.

“Once it’s washed I’ll head around to CMV to drop the truck off to get the batteries looked at and a mate will give me a ride home.”

Stix, who lives in the Barossa Valley, is single and hence enjoys life on the road. His current run is from Loxton to Adelaide, hauling grain from country silos.

“With the demise of the majority of country railway lines in South Australia, we have the job of getting the grain down to the port,” Stix explains.

“The trucks do a very good job. A dozen rigs can be loaded very quickly and now we can run as road trains.

“Trucks are even more efficient, we do one round trip a day although with an early start we occasionally get two trips completed.”

The route into Adelaide from the Riverland is now road train rated, so operators are converting their B-doubles to road trains.

“These are Freightmaster trailers, very user friendly and good to operate,” Stix says.

“All we do is pull a pin and slide the A-trailers tri up under the tipper and connect the dolly. It goes down the road very nicely.

Stix says it’s great to see road trains routes throughout the state but he’s quick to point out that the road system is not keeping up with the advances in technology and combinations.

“I travelled on these roads as a kid with dad when he was driving express interstate. The roads have changed very little since then,” he states.

Stick’s father Wayne drove for Wards Overnighters, piloting their dark blue slimline cab-overs, generally running to Sydney but with the occasional run to Brisbane and the odd changeover. He later worked for United Transport.

“My love of trucks started as a little whipper snapper. I was always in the trucks and with him going around the place,” he recalls.

“It was very different back then and the Overnighters were kings of the road.

“I loved going with him, he was always on the road, doing the hard yards.

“He didn’t get much time off but he has his little group that he travelled with. He did his own thing and then caught up with them when he wasn’t on the road.”

Stix’s first job was with Trevor Cox from Gawler who had a fleet of trucks running sand and aggregate into batching plants. That first truck was a little CH Mack and super dog setup.

“Trevor gave me a shot and I haven’t looked back since,” Stix says.

Before joining McMillans, Stix was in a Kenworth T909 with a five-axle trailer.

“McMillans, it’s a good little place to work at and it’s a great truck; a driver’s truck – nice and comfortable to drive.”

The T908 is one of four trucks in the fleet. There’s another T908, a T909 and a T409. The trucks are kept busy with grain with the occasional load of fertiliser.

It becomes evident when talking to Stix that he enjoys his job, which he says comes down to driving a good truck and having a good boss.

“It’s a bit of a pain keeping the truck clean now that it’s raining again, but it means there will be a crop to harvest and cart next year.”

Stix has no plans to run interstate and is happy to be home most nights. The truck is at the depot each Saturday morning for washing and servicing; then it’s time for a few snags and drinks.

“It’s all just works out well,” he continues. “There is plenty of work around locally to keep me out of mischief so while the grain is around, this is where you’ll find me.”

Surprisingly, Stix has never hauled grapes out of the Barossa, but during harvest can be found doing paddock to silo, which he says is a nice change.

“It gets a bit testing but you have to keep the farmers happy; you get to have a relationship with these guys.

“They look after you and you look after them.”

Well appointed

Stix says the Kenworth is ideal for paddock work. The truck has a 50-inch sleeper and is decked out with TV, DVD and fridge-freezer. To top that off, Stix carries his own small cooker.

“You stay with the farmer for a couple of weeks and either they give you a feed or a few bucks to have a feed so it works out well.

“While the work is there and the money is good I will keep doing it.”

Stix sees a bright future ahead for the transport industry despite the continual changes.

“The regulations, hours and the way we work, it’s all evolving and I really do see it looking good as long as everyone is doing the right thing.

“Unfortunately, although we are providing an essential reliable service, we are stereotyped as a truck driver.

“You do get credit from time to time but generally truck drivers are seen in a negative way.”

With everyone able to take photos and videos and then put it up on social media, Stix is concerned that with the public’s 24-hour obsession for news, you could find yourself posted everywhere for very little reason.

“It has its good and bad points but just as in our workplace, the public arena, you have got to be aware and have your wits about you. You are always being watched.” he says.

Stix, who grew up in the country, has also noticed the change in mateship from the times going with his dad to what it is today.

“What the blokes had back then, they knew each other. They were mates and would help each other out.

“That’s why I enjoy catching up with the farmers, you get to have that chin wag.”

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