A V Homes, Inc. (NASDAQ:AVHI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

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 analysts have also issued reports 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.

Shares of A V Homes (NASDAQ AVHI) remained flat at $15.35 on Thursday. 41,796 shares of the stock were exchanged. The company has a market capitalization of $344.68 million, a price-to-earnings ratio of 11.54 and a beta of 0.51. The firm’s 50-day moving average is $15.97 and its 200 day moving average is $16.95. 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 Roger Einiger purchased 10,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $15.42 per share, with a total value of $154,200.00. Following the completion of the transaction, the director now directly owns 41,537 shares in the company, valued at approximately $640,500.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joshua Lionel Nash purchased 18,953 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average cost of $15.25 per share, for a total transaction of $289,033.25. Following the transaction, the director now owns 193,475 shares of the company’s stock, valued at $2,950,493.75. The disclosure for this purchase can be found here. In the last three months, insiders bought 125,177 shares of company stock worth $1,908,263. Insiders own 6.80% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in A V Homes by 11.8% during the second quarter. The Manufacturers Life Insurance Company now owns 11,477 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 1,210 shares in the last quarter. State Street Corp grew its stake in A V Homes by 11.6% during the second quarter. State Street Corp now owns 231,478 shares of the financial services provider’s stock valued at $4,638,000 after acquiring an additional 24,053 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in A V Homes by 70.7% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 66,632 shares of the financial services provider’s stock valued at $1,335,000 after acquiring an additional 27,600 shares in the last quarter. Ulysses Management LLC grew its stake in A V Homes by 0.7% during the second quarter. Ulysses Management LLC now owns 547,753 shares of the financial services provider’s stock valued at $10,982,000 after acquiring an additional 3,673 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in A V Homes during the second quarter valued at approximately $345,000. 85.13% of the stock is owned by institutional investors.

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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