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.
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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