Bluegreen Vacations (BXG) Upgraded by Zacks Investment Research to “Buy”

Bluegreen Vacations (NYSE:BXG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $20.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.42% from the stock’s current price.

According to Zacks, “Bluegreen Vacations Corporation provides vacation ownership company. It markets, sells and manages timeshare resorts, urban destinations, clubs and residential lands. Bluegreen Vacations Corporation is based in FL, United States. “

A number of other research firms also recently issued reports on BXG. SunTrust Banks began coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They issued a “buy” rating and a $19.00 price objective on the stock. Stifel Nicolaus began coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, Bank of America began coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They issued a “buy” rating and a $20.00 price objective on the stock.

Shares of Bluegreen Vacations (NYSE:BXG) traded up $0.27 on Tuesday, reaching $17.95. The company had a trading volume of 11,345 shares, compared to its average volume of 89,291. Bluegreen Vacations has a 52 week low of $12.50 and a 52 week high of $19.89. The company has a debt-to-equity ratio of 1.86, a quick ratio of 6.14 and a current ratio of 8.55.

In other Bluegreen Vacations news, Director Alan B. Levan sold 974,797 shares of Bluegreen Vacations stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $14.00, for a total value of $13,647,158.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Bbx Capital Corp sold 2,761,925 shares of Bluegreen Vacations stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $14.00, for a total value of $38,666,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 12,000 shares of company stock worth $167,020.

A hedge fund recently bought a new stake in Bluegreen Vacations stock. State of Wisconsin Investment Board bought a new stake in shares of Bluegreen Vacations Co. (NYSE:BXG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 250,000 shares of the company’s stock, valued at approximately $4,565,000. State of Wisconsin Investment Board owned about 0.33% of Bluegreen Vacations as of its most recent filing with the Securities and Exchange Commission.

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About Bluegreen Vacations

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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