Zacks Investment Research upgraded shares of A V Homes, Inc. (NASDAQ:AVHI) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “AV Homes, Inc. is engaged in homebuilding, land development and other real estate operations in Florida and Arizona. The company also builds homes in central Florida and Phoenix under its Joseph Carl Homes brand. It owns and operates active adult communities, including Solivita near Orlando and CantaMia near Phoenix. AV Homes, Inc., formerly known as Avatar Holdings Inc., is based in Poinciana, Florida. “

Several other equities analysts have also commented on the stock. BidaskClub lowered shares of A V Homes from a strong-buy rating to a buy rating in a research report on Wednesday, July 19th. JMP Securities lowered shares of A V Homes from an outperform rating to a market perform rating in a research report on Wednesday, July 19th.

A V Homes (NASDAQ AVHI) traded down 0.85% during mid-day trading on Monday, hitting $17.55. 1,656 shares of the stock traded hands. The firm has a market cap of $394.09 million, a price-to-earnings ratio of 13.20 and a beta of 0.54. A V Homes has a 1-year low of $14.65 and a 1-year high of $20.50. The stock has a 50-day moving average of $16.00 and a 200 day moving average of $16.94.

TRADEMARK VIOLATION WARNING: This report was first published by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/a-v-homes-inc-avhi-upgraded-to-hold-at-zacks-investment-research/1612429.html.

In related news, Director Joshua Lionel Nash acquired 23,309 shares of A V Homes stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $15.13 per share, with a total value of $352,665.17. Following the completion of the acquisition, the director now directly owns 193,475 shares of the company’s stock, valued at approximately $2,927,276.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Roger Einiger acquired 10,000 shares of A V Homes stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $15.42 per share, with a total value of $154,200.00. Following the acquisition, the director now directly owns 41,537 shares of the company’s stock, valued at $640,500.54. The disclosure for this purchase can be found here. Insiders have bought 125,177 shares of company stock valued at $1,908,263 in the last 90 days. Insiders own 6.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. American International Group Inc. lifted its holdings in 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 purchasing an additional 493 shares during the period. Wells Fargo & Company MN lifted its holdings in 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 purchasing an additional 759 shares during the period. Spark Investment Management LLC acquired a new stake in A V Homes in the second quarter worth about $200,000. Alliancebernstein L.P. acquired a new stake in A V Homes in the second quarter worth about $218,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in 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 purchasing an additional 1,210 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on A V Homes (AVHI)

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

Receive News & Ratings for A V Homes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A V Homes Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.