Bluegreen Vacations (NYSE:BVH) Sets New 12-Month High at $24.35

Shares of Bluegreen Vacations Holding Co. (NYSE:BVH) hit a new 52-week high during trading on Monday . The stock traded as high as $24.35 and last traded at $24.35, with a volume of 150 shares traded. The stock had previously closed at $24.04.

Several brokerages have recently commented on BVH. B. Riley raised their price objective on shares of Bluegreen Vacations from $30.00 to $42.50 and gave the stock a “buy” rating in a research report on Friday, August 6th. Zacks Investment Research upgraded Bluegreen Vacations from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Tuesday, August 10th.

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day simple moving average of $19.72 and a two-hundred day simple moving average of $19.39. The firm has a market capitalization of $537.68 million, a P/E ratio of 128.74 and a beta of 2.05.

Bluegreen Vacations (NYSE:BVH) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.66. Bluegreen Vacations had a return on equity of 1.27% and a net margin of 0.95%. The business had revenue of $193.46 million for the quarter, compared to analysts’ expectations of $169.97 million. Sell-side analysts anticipate that Bluegreen Vacations Holding Co. will post 2.03 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BVH. Dimensional Fund Advisors LP bought a new stake in shares of Bluegreen Vacations during the 4th quarter worth $6,015,000. Russell Investments Group Ltd. bought a new stake in shares of Bluegreen Vacations during the 1st quarter worth $111,000. Acadian Asset Management LLC raised its stake in shares of Bluegreen Vacations by 151.5% during the 1st quarter. Acadian Asset Management LLC now owns 19,344 shares of the company’s stock worth $358,000 after purchasing an additional 11,653 shares during the period. UBS Group AG raised its stake in shares of Bluegreen Vacations by 23.5% during the 1st quarter. UBS Group AG now owns 3,846 shares of the company’s stock worth $71,000 after purchasing an additional 732 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of Bluegreen Vacations by 4.2% during the 1st quarter. Panagora Asset Management Inc. now owns 113,408 shares of the company’s stock worth $2,103,000 after purchasing an additional 4,528 shares during the period. Institutional investors own 33.90% of the company’s stock.

About Bluegreen Vacations (NYSE:BVH)

Bluegreen Vacations Holding Corp. is a holding company, which engages in the real estate, real estate joint ventures, and middle market operating businesses. It operates through the following segments: Bluegreen, BBX Capital Real Estate, Renin, and BBX Sweet Holdings. The Bluegreen segment markets, sells, and manages real estate-based vacation ownership interests in resorts located in popular, high-volume, and drive-to vacation destinations.

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