Zacks Investment Research upgraded shares of A V Homes, Inc. (NASDAQ:AVHI) from a sell rating to a hold rating in a research report report published 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 brokerages have also issued reports on AVHI. BidaskClub lowered A V Homes from a hold rating to a sell rating in a research note on Thursday, August 24th. JMP Securities lowered A V Homes from an outperform rating to a market perform rating in a research note on Wednesday, July 19th.

A V Homes (AVHI) opened at 16.90 on Monday. The firm has a 50-day moving average price of $15.48 and a 200-day moving average price of $16.92. A V Homes has a one year low of $14.65 and a one year high of $20.50. The firm has a market cap of $379.49 million, a PE ratio of 12.71 and a beta of 0.51.

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In related news, Director Joshua Lionel Nash acquired 18,953 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of $15.25 per share, for a total transaction of $289,033.25. Following the completion of the acquisition, the director now owns 193,475 shares in the company, valued at $2,950,493.75. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Roger Einiger acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $15.42 per share, for a total transaction of $154,200.00. Following the acquisition, the director now owns 41,537 shares of the company’s stock, valued at approximately $640,500.54. The disclosure for this purchase can be found here. In the last quarter, insiders bought 125,177 shares of company stock worth $1,908,263. Company insiders own 6.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVHI. JPMorgan Chase & Co. increased its holdings in shares of A V Homes by 2,492.7% in the second quarter. JPMorgan Chase & Co. now owns 114,725 shares of the financial services provider’s stock worth $2,300,000 after buying an additional 110,300 shares during the period. Acadian Asset Management LLC increased its holdings in shares of A V Homes by 66.4% in the second quarter. Acadian Asset Management LLC now owns 275,088 shares of the financial services provider’s stock worth $5,515,000 after buying an additional 109,772 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of A V Homes by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 914,937 shares of the financial services provider’s stock worth $15,051,000 after buying an additional 66,846 shares during the period. Vanguard Group Inc. increased its holdings in shares of A V Homes by 15.6% in the first quarter. Vanguard Group Inc. now owns 474,794 shares of the financial services provider’s stock worth $7,811,000 after buying an additional 63,936 shares during the period. Finally, Ativo Capital Management LLC purchased a new position in shares of A V Homes in the second quarter worth about $982,000. Hedge funds and other 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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