Connor Clark & Lunn Investment Management Ltd. Purchases 16,481 Shares of Bluegreen Vacations Holding Co. (NYSE:BVH)

Posted by on May 30th, 2023

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Bluegreen Vacations Holding Co. (NYSE:BVH – Get Rating) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,886 shares of the company’s stock after acquiring an additional 16,481 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.38% of Bluegreen Vacations worth $1,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BVH. MetLife Investment Management LLC lifted its holdings in shares of Bluegreen Vacations by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 8,506 shares of the company’s stock valued at $252,000 after purchasing an additional 3,088 shares during the last quarter. BlackRock Inc. grew its position in shares of Bluegreen Vacations by 1.7% during the 1st quarter. BlackRock Inc. now owns 815,662 shares of the company’s stock valued at $24,119,000 after acquiring an additional 14,016 shares during the period. LSV Asset Management boosted its holdings in Bluegreen Vacations by 323.0% in the 1st quarter. LSV Asset Management now owns 51,991 shares of the company’s stock worth $1,537,000 after buying an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Bluegreen Vacations by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 340,734 shares of the company’s stock worth $10,076,000 after buying an additional 19,657 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Bluegreen Vacations by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 633,543 shares of the company’s stock worth $18,734,000 after purchasing an additional 22,624 shares during the last quarter. Institutional investors own 34.63% of the company’s stock.

Bluegreen Vacations Stock Performance

Shares of BVH stock opened at $30.27 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.92 and a current ratio of 0.92. Bluegreen Vacations Holding Co. has a 1 year low of $16.24 and a 1 year high of $34.58. The stock’s 50-day moving average is $27.80 and its two-hundred day moving average is $27.51. The firm has a market cap of $515.80 million, a price-to-earnings ratio of 9.52 and a beta of 1.70.

Bluegreen Vacations (NYSE:BVH – Get Rating) last announced its quarterly earnings data on Monday, March 13th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The firm had revenue of $237.97 million during the quarter, compared to the consensus estimate of $208.46 million. Bluegreen Vacations had a net margin of 6.35% and a return on equity of 22.56%. During the same quarter last year, the firm earned $0.59 earnings per share. Analysts predict that Bluegreen Vacations Holding Co. will post 4.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BVH has been the topic of a number of recent analyst reports. TheStreet cut Bluegreen Vacations from a “c-” rating to a “d+” rating in a report on Wednesday, February 1st. Truist Financial increased their price objective on Bluegreen Vacations from $51.00 to $52.00 in a research note on Tuesday, May 16th.

Bluegreen Vacations Company Profile

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Bluegreen Vacations Holding Corp. engages in real estate, real estate joint ventures, and middle market operating businesses. It operates through Sales of VOIs and Financing, and Resort Operations and Club Management. The Sales of VOIs and Financing segment includes marketing and sales activity related to VOIs.

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Institutional Ownership by Quarter for Bluegreen Vacations (NYSE:BVH)

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