BBX Capital (NYSE:BBX) Rating Increased to Hold at 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 Monday, 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 stock opened at $3.98 on Monday. 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 12 month low of $3.90 and a 12 month high of $9.48.

BBX Capital (NYSE:BBX) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $221.06 million during the quarter, compared to analysts’ expectations of $209.85 million. BBX Capital had a net margin of 4.99% and a return on equity of 7.82%. As a group, research analysts predict that BBX Capital will post 0.21 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY boosted its holdings in shares of BBX Capital by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 27,937 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 21,819 shares during the last quarter. Morgan Stanley lifted its stake in shares of BBX Capital by 30.4% in the 3rd quarter. Morgan Stanley now owns 350,860 shares of the financial services provider’s stock valued at $2,603,000 after purchasing an additional 81,885 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of BBX Capital by 20.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,139,948 shares of the financial services provider’s stock valued at $12,262,000 after purchasing an additional 365,069 shares during the period. Deutsche Bank AG lifted its stake in shares of BBX Capital by 28.0% in the 4th quarter. Deutsche Bank AG now owns 762,115 shares of the financial services provider’s stock valued at $4,365,000 after purchasing an additional 166,587 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of BBX Capital by 45.0% in the 4th quarter. Rhumbline Advisers now owns 90,056 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 27,953 shares during the period. 29.61% of the stock is currently owned by institutional investors and hedge funds.

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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