Bluegreen Vacations (BXG) Earns Buy Rating from Analysts at Stifel Nicolaus
Stifel Nicolaus started coverage on shares of Bluegreen Vacations (NYSE:BXG) in a report released on Tuesday, Marketbeat reports. The firm issued a buy rating and a $18.00 price target on the stock.
Separately, Bank of America assumed coverage on shares of Bluegreen Vacations in a research report on Tuesday. They set a buy rating and a $20.00 price target on the stock.
Bluegreen Vacations (NYSE:BXG) traded down $0.16 during mid-day trading on Tuesday, hitting $16.01. 102,100 shares of the company traded hands, compared to its average volume of 188,372. The company has a current ratio of 8.55, a quick ratio of 6.14 and a debt-to-equity ratio of 1.86. Bluegreen Vacations has a one year low of $12.50 and a one year high of $17.13.
In other Bluegreen Vacations news, major shareholder Bbx Capital Corp sold 2,761,925 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $14.00, for a total transaction of $38,666,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Susan Saturday purchased 3,000 shares of Bluegreen Vacations stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $14.00 per share, for a total transaction of $42,000.00. The disclosure for this purchase can be found here. Insiders have acquired 12,000 shares of company stock worth $167,020 over the last quarter. Company insiders own 54.80% of the company’s stock.
Bluegreen Vacations Company Profile
Bluegreen Corporation operates as a sales, marketing, and management company focusing on the vacation ownership industry in the United States. The company markets, sells, and manages vacation ownership interests (VOIs) in resorts that are developed or acquired by the company, or developed and owned by others.
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