BBX Capital (NYSE:BBX) Downgraded by Zacks Investment Research

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BBX Capital (NYSE:BBX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, 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. “

Separately, B. Riley set a $11.00 price target on shares of BBX Capital and gave the stock a “buy” rating in a report on Wednesday, August 21st.

NYSE:BBX traded up $0.19 during trading hours on Wednesday, hitting $4.97. 155,806 shares of the company traded hands, compared to its average volume of 212,645. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $4.20 and its 200-day simple moving average is $5.03. BBX Capital has a one year low of $3.75 and a one year high of $7.55. The company has a market cap of $477.07 million, a PE ratio of 8.17 and a beta of 1.79.

BBX Capital (NYSE:BBX) last posted 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 the consensus estimate of $246.02 million. BBX Capital had a return on equity of 1.83% and a net margin of 0.76%. As a group, equities research analysts expect that BBX Capital will post -0.04 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in BBX. TCW Group Inc. grew its holdings in shares of BBX Capital by 6.6% in the first quarter. TCW Group Inc. now owns 1,330,105 shares of the financial services provider’s stock valued at $7,874,000 after acquiring an additional 82,695 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in BBX Capital by 20.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,139,948 shares of the financial services provider’s stock worth $12,262,000 after acquiring an additional 365,069 shares during the period. SG Americas Securities LLC bought a new stake in BBX Capital during the first quarter worth $163,000. Panagora Asset Management Inc. lifted its holdings in BBX Capital by 66.6% during the second quarter. Panagora Asset Management Inc. now owns 510,708 shares of the financial services provider’s stock worth $2,508,000 after acquiring an additional 204,175 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new position in BBX Capital in the second quarter worth $88,000. Hedge funds and other institutional investors own 29.76% of the company’s stock.

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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