Hilton Grand Vacations operates resorts, serving leisure travelers through vacation ownership and club membership programs.On February 17, 2026, Breach Inlet Capital Management disclosed buying 63,548 shares of Hilton Grand Vacations (HGV +0.83%), an estimated $2.70 million trade based on quarterly average pricing.What happenedAccording to its SEC filing dated February 17, 2026, Breach Inlet Capital Management increased its position in Hilton Grand Vacations (HGV +0.83%) by 63,548 shares. The estimated valu ...

Key Takeaways POOL is set to report on Feb. 19 with 1.10% Earnings ESP and EPS seen at 99 cents vs. 97 cents a year ago.Hilton Grand Vacations has 1.19% ESP, with EPS projected at $1.05 vs. 49 cents last year.PENN Entertainment has 7.03% ESP, with loss expected to narrow to 20 cents per share.The leisure industry is likely to have benefited from resilient consumer demand in the fourth quarter of 2025, supported by steady employment levels and a continued preference for experiences over goods. Even with sele ...

Core Insights - Iridian Asset Management increased its stake in Hilton Grand Vacations (NYSE:HGV) by purchasing 190,909 shares for an estimated value of $8.11 million, reflecting a significant investment in the company [2][3][7] - The total value of Iridian's position in Hilton Grand Vacations rose by $9.35 million at the end of the quarter, indicating positive trading and price effects [3][7] - Hilton Grand Vacations now represents 7.66% of Iridian's reportable assets under management, highlighting its importance in the fund's portfolio [4][10] Company Overview - Hilton Grand Vacations is a leading timeshare company with a diversified revenue base, operating in real estate sales, consumer financing, and resort management [9][12] - The company reported a total revenue of $5.00 billion and a net income of $53.00 million for the trailing twelve months [5] - As of January 22, shares of Hilton Grand Vacations were priced at $46.65, reflecting a 14.17% increase over the past year, which is comparable to the S&P 500's 14% gain [4][5] Financial Performance - In the third quarter, Hilton Grand Vacations achieved $907 million in contract sales, marking a nearly 17% year-over-year increase, while adjusted EBITDA reached $245 million [10] - Management reaffirmed its full-year adjusted EBITDA guidance of $1.125 billion to $1.165 billion, indicating confidence in cash generation despite some revenue deferrals [10] - CEO Mark Wang emphasized broad-based operational and financial performance, which is expected to support long-term cash flow and shareholder returns [11]

Core Viewpoint - Hilton Grand Vacations Inc. announces the championship field for the 2026 Hilton Grand Vacations Tournament of Champions, highlighting its significance as a premier event in the LPGA Tour season [1] Group 1: Event Details - The tournament features a unique format that pairs LPGA champions with celebrity competitors [1] - It is a four-day tournament that has become a must-watch spectacle [1] - The event serves as the signature kickoff to the LPGA Tour season [1] Group 2: Participants - This year's tournament will feature defending champion A Lim Kim leading the competition [1]

Core Points - Rasmussen University has formed a corporate alliance with Hilton Grand Vacations (HGV) to provide educational benefits to HGV team members, including up to 100% tuition coverage for select online programs [1][3] - The alliance aims to enhance career growth opportunities for HGV employees by reducing financial barriers to education [3][4] - Eligible HGV team members can also receive up to a 20% tuition reduction for other qualified programs at Rasmussen University [2] Company Overview - Rasmussen University is an accredited institution committed to providing innovative, career-ready higher education and healthcare education, with a history of 125 years in transforming lives and strengthening communities [7][9] - The university offers a range of undergraduate and graduate programs both online and in-person across 20 campuses in the U.S. [7] Educational Programs - The programs offered by Rasmussen University are designed to help working adults advance their skills and careers through flexible, career-focused education [3][6] - The curriculum is developed with input from industry professionals, ensuring relevance to current job market needs [6] Employee Development - HGV emphasizes the importance of personal and professional growth for its team members, and the partnership with Rasmussen University is seen as a way to enhance employee development and retention [3][4] - The alliance is expected to attract significant interest from HGV employees, indicating a strong demand for educational opportunities [3]

Core Insights - U.S. small/mid-cap equities showed solid performance in Q3 2025, with Aristotle Capital's strategy returning 2.57% net of fees, underperforming the Russell 2500 Index's 9.00% total return [1] Company Overview - Hilton Grand Vacations Inc. (NYSE:HGV) is a leading global timeshare company that develops and operates high-quality vacation ownership resorts under various brand names [3] - The company has a proprietary relationship with Hilton Worldwide Holdings, allowing it to market to Hilton Honors members, which enhances its growth potential in the travel sector [3] Financial Performance - Hilton Grand Vacations Inc. reported a total revenue growth of 12% in Q3 2025, reaching $1.3 billion [4] - The stock experienced a one-month return of -5.47% but gained 10.44% over the last 52 weeks, closing at $41.45 per share on October 31, 2025, with a market capitalization of $3.546 billion [2][4] Investment Sentiment - Hilton Grand Vacations Inc. was held by 32 hedge fund portfolios at the end of Q2 2025, indicating a slight increase from 31 in the previous quarter [4] - Despite its potential, the company is viewed as having less upside compared to certain AI stocks, which are considered to carry greater upside potential and less downside risk [4]

Financial Performance - Total revenues for the three months ended September 30, 2025, were $1,300 million, a decrease of $6 million (0.5%) compared to $1,306 million in 2024[174]. - Net income attributable to stockholders for the three months ended September 30, 2025, was $25 million, a decrease of $4 million (13.8%) from $29 million in 2024, while for the nine months, it increased by $6 million (22.2%) to $33 million from $27 million[195]. - Adjusted EBITDA for the three months ended September 30, 2025, was $249 million, a decrease of $58 million (18.9%) from $307 million in 2024, and for the nine months, it was $672 million, down $177 million (20.8%) from $849 million[195]. - The company reported a decrease in real estate profit of 27.5% to $121 million in Q3 2025 from $167 million in Q3 2024[197]. - Total Adjusted EBITDA attributable to stockholders for the nine months ended September 30, 2025, was $658 million, down 21.5% from $838 million in the same period of 2024[198]. Sales and Contract Performance - Contract sales increased by $130 million (16.7%) for the three months ended September 30, 2025, compared to the same period in 2024, primarily due to a 14.7% increase in VPG and new inventory available for sale[169]. - For the nine months ended September 30, 2025, contract sales increased by $297 million (13.4%) compared to the same period in 2024, driven by a similar increase in VPG and new inventory[170]. - 73% of contract sales for the nine months ended September 30, 2025, were to existing owners, an increase from 70% in the same period of 2024[149]. - Sales of VOIs, net decreased by $77 million (14.0%) for the three months ended September 30, 2025, and by $139 million (9.5%) for the nine months ended September 30, 2025[169]. - Net Sales of VOIs recognitions dropped by $148 million for the three months ended September 30, 2025, compared to an increase of $49 million in 2024[172]. Membership and Market Presence - The company had over 720,000 members across its Club offerings as of September 30, 2025, providing access to approximately 9,000 properties[140]. - The company completed the acquisition of Bluegreen Vacations Holding Corporation on January 17, 2024, expanding its market presence[137]. - The company operates approximately 100 sales distribution centers in various domestic and international locations[147]. - The company has entered into exclusive marketing agreements with brands like Bass Pro and Choice Hotels to enhance its marketing and sales activities[148]. Financing and Debt Management - Financing propensity for the nine months ended September 30, 2025, was 66%, down from 69% in the same period of 2024[150]. - The weighted-average FICO score for loans to U.S. and Canadian borrowers was 734 for the nine months ended September 30, 2025, compared to 740 in 2024[151]. - Interest expense decreased by $5 million (6.0%) for the three months and $15 million (6.0%) for the nine months ended September 30, 2025, due to a reduction in overall debt balance and interest rates[193]. - The company had $632 million remaining borrowing capacity under the revolver facility as of September 30, 2025[205]. - The company completed a securitization of approximately $300 million of gross timeshare financing receivables in June 2025[205]. Revenue and Expense Analysis - Real estate profit margin decreased to 21.3% for the three months ended September 30, 2025, down from 26.4% in 2024[175]. - Financing revenue increased by $23 million (21.9%) for the three months ended September 30, 2025, compared to $105 million in 2024[182]. - General and administrative expenses rose by $14 million (31.8%) for the three months and $15 million (10.2%) for the nine months ended September 30, 2025, mainly due to employee-related costs[191]. - Rental revenues for the three months ended September 30, 2025, were $173 million, a 1.2% increase from $171 million in 2024, while for the nine months, revenues were $527 million, also a 1.2% increase from $521 million[188]. - Rental and ancillary services expenses increased by $12 million for the three months and $60 million for the nine months ended September 30, 2025, primarily due to maintenance fees[190]. Cash Flow and Shareholder Returns - Operating activities generated $133 million in net cash for the nine months ended September 30, 2025, a decrease of $71 million compared to $204 million in the same period of 2024[203]. - The company reported a total of $234 million in inventory-related purchase commitments to be fulfilled over the next 10 years as of September 30, 2025[202]. - During the nine months ended September 30, 2025, the company repurchased 11 million shares for $450 million[205]. - The company approved a new share repurchase program for up to $600 million over two years, with $578 million remaining under this plan as of September 30, 2025[210]. - As of September 30, 2025, total cash and cash equivalents were $215 million, with restricted cash of $328 million[205].

Financial Data and Key Metrics Changes - Contract sales increased by 17% to a record $907 million, driving significant improvements in real estate business profitability [4][6][20] - Adjusted EBITDA reached $302 million with margins excluding reimbursements at 24%, consistent with the prior year [20][24] - Total revenue before cost reimbursement grew by 12% to $1.3 billion [20] Business Line Data and Key Metrics Changes - Real estate profit was $178 million with margins of 27%, up 300 basis points year-over-year [23] - Financing business revenue was $128 million with a profit of $75 million, resulting in margins of 59% [23] - Member count reached nearly 722,000, reflecting increased recapture rates [9][24] Market Data and Key Metrics Changes - VPG (Volume Per Guest) increased by 15% year-over-year to $3,900, with broad strength across both owner and new buyer channels [21][24] - Consolidated tour growth was up 2% year-over-year, with 232,000 tours conducted [20][24] - Occupancy remained stable at 83%, with fourth-quarter arrivals ahead of the prior year [8][20] Company Strategy and Development Direction - The company is focused on enhancing its value proposition and improving cost efficiencies while continuing to invest in long-term capabilities [5][17] - Strategic initiatives include growing lead flow, improving execution, and enhancing the customer experience through technology and partnerships [10][16] - The integration of Bluegreen Vacations is progressing well, with $94 million in run-rate cost synergies achieved [14][20] Management's Comments on Operating Environment and Future Outlook - The consumer environment remains stable, with healthy travel demand indicated by forward indicators and member surveys [5][6] - The company expects to maintain high single-digit contract sales growth and reiterated its existing EBITDA guidance for the year [6][28] - Management expressed confidence in the investments made, which are anticipated to drive sustainable value creation [5][17] Other Important Information - The company repurchased 3.3 million shares for $150 million during the quarter, with a total of 12.4 million shares repurchased year-to-date [10][28] - The liquidity position as of September 30 included $215 million in unrestricted cash and $632 million available under a revolving credit facility [28][29] Q&A Session Summary Question: Expectations for 2026 and financing profit - Management indicated strong momentum heading into 2026, expecting good tour flow growth driven by investments made [33][40] - Financing profitability may face headwinds but is expected to hold steady due to a growing portfolio and optimization efforts [56][57] Question: Strong VPG results compared to the travel industry - The company attributed the 15% VPG growth to effective execution, innovative membership programs, and high satisfaction rates among members [62][66] Question: Flow through and marketing package expenses - Higher marketing package expenses of approximately $7 million were incurred, which will convert to revenue in future periods [72][81] - Reportability issues were noted, with an $8 million increase in contract sales during the last 10 days of the quarter [82] Question: Rental business recovery - Recovery in the rental business is expected to be gradual, driven by contract sales and recaptured inventory [102][104] Question: Delinquency rates and consumer stability - Delinquency rates for subprime loans remain stable, attributed to strong consumer engagement and satisfaction [147][150]

Core Insights - Hilton Grand Vacations (HGV) reported $1.3 billion in revenue for Q3 2025, reflecting a year-over-year decline of 0.5% and an EPS of $0.60, down from $0.67 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.36 billion by 4.23%, and the EPS was 40.59% below the consensus estimate of $1.01 [1] Revenue Breakdown - Resort and club management revenues were $193 million, exceeding the estimated $180.77 million [4] - Cost reimbursements generated $132 million, slightly above the $130 million estimate, marking a year-over-year increase of 1.5% [4] - Rental and ancillary services revenues reached $186 million, surpassing the $184.59 million estimate, with a year-over-year change of 1.6% [4] - Fee-for-service commissions, package sales, and other fees totaled $188 million, significantly above the $163.19 million estimate, representing an 18.2% year-over-year increase [4] - Financing revenues were $128 million, slightly below the $132.81 million estimate, but showed a year-over-year increase of 21.9% [4] - Sales of VOIs, net, were $473 million, falling short of the $567.88 million estimate, reflecting a 14% year-over-year decline [4] Stock Performance - Shares of Hilton Grand Vacations have returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - Hilton Grand Vacations (HGV) reported quarterly earnings of $0.6 per share, missing the Zacks Consensus Estimate of $1.01 per share, and down from $0.67 per share a year ago, representing an earnings surprise of -40.59% [1][2] - The company posted revenues of $1.3 billion for the quarter ended September 2025, missing the Zacks Consensus Estimate by 4.23%, and compared to year-ago revenues of $1.31 billion [2] - Over the last four quarters, Hilton Grand Vacations has not surpassed consensus EPS or revenue estimates [2][6] 分组2 - The stock has added about 13.4% since the beginning of the year, underperforming the S&P 500's gain of 17.2% [3] - The current consensus EPS estimate for the coming quarter is $1.16 on $1.39 billion in revenues, and for the current fiscal year, it is $2.69 on $5.25 billion in revenues [7] - The Zacks Industry Rank for Hotels and Motels is currently in the bottom 25% of over 250 Zacks industries, indicating a challenging outlook for the industry [8]