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 Thursday 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. “

Other research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of A V Homes from a sell rating to a hold rating in a report on Friday, August 18th. JMP Securities cut shares of A V Homes from an outperform rating to a market perform rating in a report on Wednesday, July 19th.

Shares of A V Homes (NASDAQ:AVHI) opened at 15.50 on Thursday. The stock has a market capitalization of $348.05 million, a PE ratio of 11.65 and a beta of 0.51. The stock has a 50 day moving average of $15.78 and a 200 day moving average of $16.93. A V Homes has a 52-week low of $14.65 and a 52-week high of $20.50.

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In other A V Homes news, Director Joshua Lionel Nash bought 23,309 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $15.13 per share, for a total transaction of $352,665.17. Following the acquisition, the director now directly owns 193,475 shares in the company, valued at $2,927,276.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roger Einiger bought 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $15.45 per share, for a total transaction of $77,250.00. Following the completion of the acquisition, the director now owns 41,537 shares in the company, valued at $641,746.65. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 125,177 shares of company stock worth $1,908,263. Company insiders own 6.80% of the company’s stock.

A number of institutional investors have recently modified their holdings of AVHI. Nationwide Fund Advisors grew its holdings in A V Homes by 8.2% during the 1st quarter. Nationwide Fund Advisors now owns 12,408 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 943 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in A V Homes by 138.1% during the 1st quarter. Russell Investments Group Ltd. now owns 49,544 shares of the financial services provider’s stock worth $815,000 after acquiring an additional 28,737 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in A V Homes by 84.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,813 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 7,700 shares in the last quarter. LSV Asset Management grew its holdings in A V Homes by 26.1% during the 1st quarter. LSV Asset Management now owns 144,358 shares of the financial services provider’s stock worth $2,374,000 after acquiring an additional 29,900 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in A V Homes by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 120,910 shares of the financial services provider’s stock worth $1,989,000 after acquiring an additional 5,617 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

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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