The Manufacturers Life Insurance Company increased its stake in shares of A V Homes, Inc. (NASDAQ:AVHI) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,477 shares of the financial services provider’s stock after acquiring an additional 1,210 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of A V Homes worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVHI. Wells Fargo & Company MN lifted 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 valued at $165,000 after buying an additional 759 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of A V Homes in the second quarter valued at $200,000. Alliancebernstein L.P. bought a new position in shares of A V Homes in the second quarter valued at $218,000. Virtu KCG Holdings LLC bought a new position in shares of A V Homes in the second quarter valued at $235,000. Finally, Rhumbline Advisers raised its holdings in shares of 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 purchasing an additional 480 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on AVHI. BidaskClub downgraded shares of A V Homes from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of A V Homes from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.

Shares of A V Homes, Inc. (AVHI) opened at $17.35 on Friday. The company has a market cap of $389.61, a PE ratio of 21.08 and a beta of 0.54. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.04. A V Homes, Inc. has a 1-year low of $14.65 and a 1-year high of $20.50.

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A V Homes Profile

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.

Institutional Ownership by Quarter for A V Homes (NASDAQ:AVHI)

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