BBX Capital (NYSE:BBX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, 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. “

Separately, B. Riley set a $11.00 price target on shares of BBX Capital and gave the stock a “buy” rating in a report on Wednesday, August 21st.

NYSE BBX traded up $0.19 on Wednesday, reaching $4.97. The stock had a trading volume of 155,806 shares, compared to its average volume of 212,645. BBX Capital has a 1-year low of $3.75 and a 1-year high of $7.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $477.07 million, a P/E ratio of 8.17 and a beta of 1.79. The firm has a fifty day moving average of $4.20 and a two-hundred day moving average of $5.03.

BBX Capital (NYSE:BBX) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.14). BBX Capital had a net margin of 0.76% and a return on equity of 1.83%. The business had revenue of $251.33 million during the quarter, compared to analyst estimates of $246.02 million. Research analysts predict that BBX Capital will post -0.04 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in BBX. TCW Group Inc. lifted its stake in shares of BBX Capital by 6.6% in the 1st quarter. TCW Group Inc. now owns 1,330,105 shares of the financial services provider’s stock valued at $7,874,000 after acquiring an additional 82,695 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BBX Capital by 20.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,139,948 shares of the financial services provider’s stock valued at $12,262,000 after acquiring an additional 365,069 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of BBX Capital during the first quarter worth $163,000. Panagora Asset Management Inc. lifted its holdings in shares of BBX Capital by 66.6% during the second quarter. Panagora Asset Management Inc. now owns 510,708 shares of the financial services provider’s stock worth $2,508,000 after purchasing an additional 204,175 shares during the period. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of BBX Capital in the second quarter worth $88,000. Institutional investors own 29.76% of the company’s stock.

BBX Capital Company Profile

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.

Recommended Story: Profit Margin

Get a free copy of the Zacks research report on BBX Capital (BBX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BBX Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBX Capital and related companies with MarketBeat.com's FREE daily email newsletter.