Wolf Hill Capital Management, LP is the management company of the Wolf Hill Partners fund. Insider Monkey has recently published a copy of Wolf Hill Capital’s Q1 2020 investor letter. A copy of the letter can be downloaded here. Gary Lehrman is the fund’s founder and managing member. For Q1 2020, the fund reported a […]

Hilton Grand Vacations Inc. said Thursday its board has adopted a one-year shareholder rights plan effective April 16, to block a potential takeover of the company following a steep selloff in its shares. "The adoption of the one-year Rights Plan will protect against parties seeking to take advantage of the current market environment to the detriment of HGV and its shareholders," Chairman Leonard Potter said in a statement. A rights plan, also known as a poison pill, is a common way for companies to avoid a person or group taking advantage of a low share price. Hilton's stock has fallen 50% since end January amid market volatility.

The U.S. death toll from the coronavirus that causes COVID-19 climbed above 81,000 on Tuesday, as President Donald Trump, defending his record on testing in the U.S., ended his White House news conference abruptly following an angry exchange with two reporters.

Moody's Investors Service, ("Moody's") affirmed the ratings of Hilton Grand Vacations Borrower LLC ("Hilton Grand Vacations") including its Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating and Ba3 senior unsecured rating. "The affirmation of Hilton Grand Vacations' Ba2 CFR reflects Moody's view that despite our expectation that the company's earnings will be pressured in 2020 and 2021 due to travel restrictions and macroeconomic weakness related to the spread of the coronavirus (COVID-19), the company will be able to de-lever to below its downgrade factor of 3.75x by the end of 2022," stated Pete Trombetta, Moody's lodging and cruise analyst. "The negative outlook reflects Moody's expectation that continued weakness caused by the disruption related to the spread of the coronavirus, and the resulting macroeconomic weakness, could pressure Hilton Grand Vacations' earnings and liquidity over the next 12 months," added Trombetta.

Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the first quarter of 2020 before the financial markets open on Thursday, April 30, 2020, followed by a teleconference at 11 a.m. (EDT).

Hilton Grand Vacations Inc. (HGV) delivered earnings and revenue surprises of 14.29% and -8.27%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Hilton Grand Vacations Introduces its Enhanced Care Guidelines, Creating an Even Cleaner and Safer Stay for Travelers

Hilton Grand Vacations to Hold 2020 Annual Meeting of Stockholders in Virtual-Only Format

Hilton Grand Vacations Reports First Quarter 2020 Results

Hilton Grand Vacations Amends Credit Facility to Provide Additional Flexibility Through COVID-19 Pandemic and Beyond

Shares of Hilton Grand Vacations (NYSE:HGV) fell 6% after the company reported Q1 results.Quarterly Results Earnings per share fell 31.03% over the past year to $0.40, which missed the estimate of $0.48.Revenue of $351,000,000 less by 22.00% from the same period last year, which missed the estimate of $388,170,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Apr 30, 2020View more earnings on HGVTime: 12:00 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/hgv/mediaframe/37575/indexr.htmlTechnicals 52-week high: $36.56Company's 52-week low was at $8.28Price action over last quarter: down 24.79%Company Profile Hilton Grand Vacations Inc. is a timeshare company that markets and sells vacation ownership intervals (VOI), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The company operates its business through two segments: Real Estate Sales and Financing, and Resort Operations and Club Management. The company has more than 40 resorts such as the Hawaiian Islands, New York City, Orlando, and Las Vegas. Its Hilton grand vacations club has around 250,000 members, who have the flexibility to exchange their VOIs for stays at any Hilton grand vacations resort. Hilton derives most of the revenue from fee-for-service agreements, retail and spa outlets and through many other sources.See more from Benzinga * Recap: Element Solutions Q1 Earnings * Recap: Applied Industrial Tech Q3 Earnings * Spectrum Brands Holdings: Q2 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Hilton Grand Vacations Inc. (HGV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Hilton Grand Vacations Inc. (NYSE: HGV) was honored with four coveted Stevie® Awards in the 18th Annual American Business Awards®, including a gold Stevie for Company of the Year – Hospitality and Leisure.

Hilton Grand Vacations Inc. said Tuesday it has agreed an amendment to its $1 billion credit agreement to provide it with greater flexibility during the coronavirus pandemic. The amendment offers near-term covenant relief with changes to covenants related to financial maintenance, incurrence of debt, investments in the business and restricted payments. "This amendment provides significant near-term flexibility to mitigate the impact of the COVID-19 pandemic, protecting our ability to invest in the business and positioning us for recovery with permanently wider latitude on covenants," Chief Financial Officer Dan Mathewes said in a statement. Shares were not active premarket, but have fallen 47% in the year to date, while the S&P 500 has fallen 9%.

Hilton Grand Vacations INc. said Tuesday it is suspending its U.S. sales operations due to the growing number of travel restrictions and stay-at-home policies being implemented across the country during the coronavirus pandemic. The Orlando, Fla.-based company said it has closed some resorts and is temporarily pausing reservations at its U.S., Europe and Barbados resorts through the end of April. Sales in Japan and South Korea remain open on a limited basis and customer service team members are available for customers who want to change or cancel travel. "While the level of disruption to the travel industry is unprecedented, we remain confident in our ability to manage through this difficult period," Chief Executive Mark Wang said in a statmeent. "Approximately 40% of 2019 segment EBITDA was derived from recurring fees in our Finance and Club & Resort segments. Through the end of March, we have collected approximately 90% of our member fees for fiscal 2020, which fund all of the operational costs of our resorts." The company has a leverage ratio of 1.59 times and had just over $1 billion in liquidity at end-February. In March, the company drew down the remainder of its revolving credit facility. Shares were not active premarket, but have fallen 53% in the year to date, while the S&P 500 has fallen 19%.

The number of global cases of the coronavirus that causes COVID-19 moved closer to 3 million on Thursday, as European leaders began to tentatively ease restrictions on movement and President Donald Trump promised guidelines for states on coming out of lockdown.

The U.S. continued to lead the world in number of cases of COVID-19 on Tuesday, as state governors continued to complain about inadequate testing and predict that the worst is yet to come.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Leisure industry earnings in first-quarter 2020 are likely to be hurt by the coronavirus pandemic.

HGV earnings call for the period ending March 31, 2020.