BBX Capital (NYSE:BBX) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of BBX Capital (NYSE:BBX) from a sell rating to a hold rating in a research note published on Thursday morning, 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 opened at $3.98 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average price is $4.37 and its two-hundred day moving average price is $5.26. BBX Capital has a 1-year low of $3.75 and a 1-year high of $7.64. The company has a market cap of $375.82 million, a price-to-earnings ratio of 6.43 and a beta of 1.79.

BBX Capital (NYSE:BBX) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.14). BBX Capital had a return on equity of 1.83% and a net margin of 0.76%. The business had revenue of $251.33 million for the quarter, compared to analyst estimates of $246.02 million. As a group, equities analysts forecast that BBX Capital will post -0.04 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBX. Dimensional Fund Advisors LP boosted its holdings in BBX Capital by 20.6% in 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 purchasing an additional 365,069 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BBX Capital by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 725,052 shares of the financial services provider’s stock worth $4,154,000 after purchasing an additional 35,184 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in BBX Capital by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 27,937 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 21,819 shares in the last quarter. Legal & General Group Plc boosted its holdings 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 purchasing an additional 2,105 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in BBX Capital by 28.0% in the fourth quarter. Deutsche Bank AG now owns 762,115 shares of the financial services provider’s stock worth $4,365,000 after purchasing an additional 166,587 shares in the last quarter. Hedge funds and other institutional investors own 29.11% of the company’s stock.

About BBX Capital

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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