BBX Capital (NYSE:BBX) Upgraded to “Hold” by Zacks Investment Research

BBX Capital (NYSE:BBX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “BBX Capital Corporation is a holding company whose principal holding is Bluegreen Corporation. The Company is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. BBX Capital Corporation, formerly known as BFC Financial Corporation, is based in FL, United States. “

BBX traded down $0.01 during midday trading on Thursday, hitting $3.86. The stock had a trading volume of 222,255 shares, compared to its average volume of 218,295. The stock has a market capitalization of $377.35 million, a P/E ratio of 6.60 and a beta of 1.79. The company’s fifty day moving average is $4.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.23 and a current ratio of 1.23. BBX Capital has a 1 year low of $3.75 and a 1 year high of $7.69.



BBX Capital (NYSE:BBX) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.14). The firm had revenue of $251.33 million during the quarter, compared to analysts’ expectations of $246.02 million. BBX Capital had a return on equity of 1.83% and a net margin of 0.76%. On average, research analysts expect that BBX Capital will post -0.04 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of BBX Capital by 5,892.4% during the second quarter. Bank of Montreal Can now owns 5,513 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 5,421 shares during the period. Aperio Group LLC purchased a new stake in BBX Capital in the second quarter worth $28,000. Legal & General Group Plc lifted its stake in BBX Capital by 21.2% in the fourth quarter. Legal & General Group Plc now owns 12,011 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 2,105 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in BBX Capital in the second quarter worth $72,000. Finally, BNP Paribas Arbitrage SA lifted its stake in BBX Capital by 590.9% in the first quarter. BNP Paribas Arbitrage SA now owns 13,639 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 11,665 shares during the period. 29.11% of the stock is owned by institutional investors and hedge funds.

BBX Capital Company Profile

BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.

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