A V Homes, Inc. (AVHI) Downgraded by BidaskClub to “Hold”

A V Homes, Inc. (NASDAQ:AVHI) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday, July 25th.

AVHI has been the subject of a number of other reports. Zacks Investment Research downgraded shares of A V Homes from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. JMP Securities downgraded shares of A V Homes from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 19th.

A V Homes (NASDAQ:AVHI) traded down 0.66% during mid-day trading on Tuesday, hitting $15.00. 133,199 shares of the company traded hands. The firm has a 50 day moving average of $17.65 and a 200 day moving average of $17.12. A V Homes has a one year low of $13.99 and a one year high of $20.50. The firm has a market capitalization of $336.83 million, a P/E ratio of 11.28 and a beta of 0.55.

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In other A V Homes news, Director Roger Einiger bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $15.42 per share, for a total transaction of $154,200.00. Following the transaction, the director now directly owns 41,537 shares of the company’s stock, valued at approximately $640,500.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joshua Lionel Nash acquired 29,448 shares of A V Homes stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average cost of $15.23 per share, with a total value of $448,493.04. Following the completion of the purchase, the director now owns 193,475 shares in the company, valued at approximately $2,946,624.25. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 125,177 shares of company stock worth $1,908,263. Insiders own 6.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in A V Homes by 3.4% in the second quarter. Rhumbline Advisers now owns 14,745 shares of the financial services provider’s stock valued at $296,000 after buying an additional 480 shares in the last quarter. American International Group Inc. increased its stake in shares of A V Homes by 7.0% in the first quarter. American International Group Inc. now owns 7,526 shares of the financial services provider’s stock worth $124,000 after buying an additional 493 shares during the period. Wells Fargo & Company MN increased its stake in shares of A V Homes by 10.1% in the second quarter. Wells Fargo & Company MN now owns 8,259 shares of the financial services provider’s stock worth $165,000 after buying an additional 759 shares during the period. Nationwide Fund Advisors increased its stake in shares of A V Homes by 8.2% in the first quarter. Nationwide Fund Advisors now owns 12,408 shares of the financial services provider’s stock worth $204,000 after buying an additional 943 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of A V Homes by 11.8% in the second quarter. The Manufacturers Life Insurance Company now owns 11,477 shares of the financial services provider’s stock worth $230,000 after buying an additional 1,210 shares during the period. 83.76% of the stock is owned by hedge funds and other institutional investors.

About A V Homes

AV Homes, Inc is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Company is also engaged in other real estate activities, such as the operation of amenities and the sale of land for third-party development. The Company’s segments include Florida, Arizona and the Carolinas.

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