Bluegreen Vacations Hldg Corp Stock Price, News & Analysis

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced the acquisition of Branson Cedars Resort in Ridgedale, Missouri, through its joint venture with Bass Pro Shops. The property spans approximately 80 acres and features tiny home cottages, cabins, and treehouses, alongside amenities such as swimming pools and a restaurant. Renovation plans for these accommodations and the development of additional vacation ownership units are in the works. This acquisition is part of Bluegreen's strategy to expand its footprint in the Branson/Ridgedale area, now totaling five resorts. The company has recently added several resorts to its portfolio, enhancing its offerings for owners and guests seeking outdoor experiences.

BBX Capital reported its financial results for the fourth quarter and year ended December 31, 2022. For Q4 2022, consolidated revenues increased to $107.6 million from $98.2 million in Q4 2021, and net income reached $15.4 million, up from $5.3 million. Yearly, total revenues rose to $342.0 million compared to $313.6 million, but net income fell to $28.0 million from $46.9 million. Diluted earnings per share (EPS) declined to $1.81 from $2.63. The company faces ongoing challenges, including inflation, rising interest rates, and decreased sales transactions anticipated in 2023.

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) announced its financial results for the quarter and year ending December 31, 2022. Net income from continuing operations fell 37% to $7.6 million, while total revenue increased 17% to $238 million in Q4 2022. For the full year, net income rose 11% to $64.4 million, and total revenue surged 21% to $919.4 million. Diluted EPS dropped 30% to $0.41 in Q4 but increased 16% annually to $3.24. System-wide sales of vacation ownership interests (VOIs) increased 12% to $186.5 million in Q4 2022. The company also completed a $76 million share buyback, enhancing shareholder value.

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced plans to release its fourth quarter and full year financial results for the period ended December 31, 2022. The press release will be issued before the market opens on March 13, 2023. The company, a leader in vacation ownership, markets and sells vacation interests while managing resorts in prime locations. With a flexible, points-based ownership plan, Bluegreen offers access to over 11,300 resorts through partnerships. The upcoming financial results are anticipated by investors for insights into the company's performance.

Bluegreen Vacations Holding Corporation (NYSE: BVH) has announced the groundbreaking of the Mill Springs Lodge Resort in Pigeon Forge, Tennessee.

This lodge-style resort is expected to open in 2024 and will feature accommodations inspired by the Smoky Mountains, including 67 guest rooms with upgraded amenities.

The development is part of a larger initiative to expand Bluegreen's portfolio, which includes 43 existing resorts. The company recently acquired Panama City Beach Resort and Spa and Vail resort units. The goal is to enhance vacation experiences for owners and meet growing demand.

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced a quarterly cash dividend of $0.20 per share, up from the previous $0.15. This dividend will be payable on March 20, 2023, to shareholders of record as of March 6, 2023. The company specializes in vacation ownership and manages numerous resorts, offering a points-based ownership program with access to over 11,300 hotels globally. This dividend increase reflects the company's confidence in its financial health and aims to reward shareholders.

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has renewed its multi-year agreement with NASCAR, extending its role as the Official Vacation Ownership Provider for six additional years. The agreement also includes sponsorship of the NASCAR Duel at Daytona through 2024. This partnership aims to enhance unique experiences for Bluegreen vacation owners, who have previously enjoyed exclusive access to NASCAR events. Since its designation in 2018, over 1,800 owners have participated in special race weekend experiences, emphasizing the company's commitment to providing premium entertainment opportunities for its members.

Bluegreen Vacations Holding Corporation (NYSE: BVH) has completed its cash tender offer, purchasing 3,040,882 shares of its Class A Common Stock at $25.00 each, totaling approximately $76 million. The offer, which expired on December 23, 2022, represents around 18.9% of the issued Class A shares and 15.4% of all common shares. Following the buyback, Bluegreen will have 16,719,269 shares outstanding, comprised of 13,055,152 Class A and 3,664,117 Class B shares. All purchased shares will be canceled.

Bluegreen Vacations Holding Corporation (NYSE: BVH) has announced preliminary results from its cash tender offer to buy back up to 4,500,000 shares of Class A Common Stock at $25.00 per share. The offer expired on December 23, 2022, with 3,133,708 shares tendered, amounting to approximately $78.3 million. This represents about 19.5% of the Class A shares and reduces the total shares outstanding to 16,640,621. Final results will be confirmed by December 30, 2022.