A V Homes, Inc. (NASDAQ:AVHI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

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 commented 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.

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In related news, Director Joshua Lionel Nash bought 28,093 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average price of $15.25 per share, for a total transaction of $428,418.25. Following the completion of the purchase, the director now directly owns 193,475 shares of the company’s stock, valued at $2,950,493.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roger Einiger bought 5,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $15.45 per share, for a total transaction of $77,250.00. Following the purchase, the director now directly owns 41,537 shares of the company’s stock, valued at $641,746.65. The disclosure for this purchase can be found here. Insiders acquired 106,224 shares of company stock worth $1,619,230 in the last quarter. 6.80% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in shares of A V Homes by 3.4% during the second quarter. Rhumbline Advisers now owns 14,745 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 480 shares during the last quarter. American International Group Inc. grew its stake in shares of A V Homes by 7.0% during the first quarter. American International Group Inc. now owns 7,526 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 493 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of A V Homes by 10.1% during the second quarter. Wells Fargo & Company MN now owns 8,259 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 759 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of A V Homes by 8.2% during the first 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 during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of 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 worth $230,000 after acquiring an additional 1,210 shares during the last quarter. Institutional investors own 83.97% 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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