BidaskClub cut shares of A V Homes, Inc. (NASDAQ:AVHI) from a hold rating to a sell rating in a research note released on Thursday morning.

Several other brokerages also recently commented on AVHI. JMP Securities downgraded A V Homes from an outperform rating to a market perform rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded A V Homes from a buy rating to a hold rating in a research note on Wednesday, June 28th.

Shares of A V Homes (NASDAQ AVHI) opened at 15.05 on Thursday. The stock has a market capitalization of $337.95 million, a P/E ratio of 11.32 and a beta of 0.55. The stock’s 50 day moving average price is $16.99 and its 200-day moving average price is $17.02. A V Homes has a 1-year low of $14.65 and a 1-year high of $20.50.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position 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 buying an additional 1,210 shares during the period. State Street Corp increased its position in A V Homes by 11.6% in the second quarter. State Street Corp now owns 231,478 shares of the financial services provider’s stock worth $4,638,000 after buying an additional 24,053 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in A V Homes by 70.7% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 66,632 shares of the financial services provider’s stock worth $1,335,000 after buying an additional 27,600 shares during the period. Ulysses Management LLC increased its position in A V Homes by 0.7% in the second quarter. Ulysses Management LLC now owns 547,753 shares of the financial services provider’s stock worth $10,982,000 after buying an additional 3,673 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in A V Homes during the second quarter worth about $345,000. Institutional investors and hedge funds own 83.76% of the company’s stock.

A V Homes Company 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.

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