BidaskClub downgraded shares of A V Homes, Inc. (NASDAQ:AVHI) from a strong-buy rating to a buy rating in a report published on Wednesday.
Separately, Zacks Investment Research raised shares of A V Homes from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a report on Tuesday, May 2nd.
A V Homes (NASDAQ:AVHI) traded down 2.10% on Wednesday, reaching $18.65. 34,097 shares of the company’s stock traded hands. The stock has a 50-day moving average of $18.66 and a 200 day moving average of $17.22. A V Homes has a 52 week low of $12.63 and a 52 week high of $20.50. The firm has a market capitalization of $418.52 million, a P/E ratio of 3.26 and a beta of 0.58.
A V Homes (NASDAQ:AVHI) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.14. The firm had revenue of $155.55 million during the quarter, compared to the consensus estimate of $135.09 million. A V Homes had a net margin of 18.35% and a return on equity of 33.81%. On average, equities analysts expect that A V Homes will post $1.05 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of AVHI. LSV Asset Management increased its stake in A V Homes by 26.1% in the first quarter. LSV Asset Management now owns 144,358 shares of the financial services provider’s stock valued at $2,374,000 after buying an additional 29,900 shares during the last quarter. Heartland Advisors Inc. boosted its position in A V Homes by 0.3% in the first quarter. Heartland Advisors Inc. now owns 854,600 shares of the financial services provider’s stock valued at $14,058,000 after buying an additional 2,300 shares during the period. Great West Life Assurance Co. Can boosted its position in A V Homes by 84.5% in the first quarter. Great West Life Assurance Co. Can now owns 16,813 shares of the financial services provider’s stock valued at $277,000 after buying an additional 7,700 shares during the period. Russell Investments Group Ltd. boosted its position in A V Homes by 138.1% in the first quarter. Russell Investments Group Ltd. now owns 49,544 shares of the financial services provider’s stock valued at $815,000 after buying an additional 28,737 shares during the period. Finally, First Manhattan Co. boosted its position in A V Homes by 2.2% in the first quarter. First Manhattan Co. now owns 2,116,643 shares of the financial services provider’s stock valued at $35,220,000 after buying an additional 45,513 shares during the period. Hedge funds and other institutional investors own 83.59% 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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