Bank of America started coverage on shares of Bluegreen Vacations (NYSE:BXG) in a report issued on Tuesday, MarketBeat reports. The firm issued a buy rating and a $20.00 price target on the stock.

Bluegreen Vacations (NYSE BXG) traded down $0.16 on Tuesday, hitting $16.01. 102,100 shares of the stock were exchanged, compared to its average volume of 188,372. Bluegreen Vacations has a one year low of $12.50 and a one year high of $17.13. 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 related news, major shareholder Bbx Capital Corp sold 2,761,925 shares of Bluegreen Vacations 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Susan Saturday bought 3,000 shares of the business’s stock in a transaction that occurred 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. Over the last 90 days, insiders bought 12,000 shares of company stock worth $167,020. 54.80% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This article was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2017/12/15/bluegreen-vacations-bxg-research-coverage-started-at-bank-of-america.html.

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.

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