AV Homes (AVHI) Lowered to “Hold” at BidaskClub

AV Homes (NASDAQ:AVHI) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Zacks Investment Research downgraded AV Homes from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd.

AV Homes traded up $0.20, reaching $17.00, during trading hours on Thursday, Marketbeat Ratings reports. 402 shares of the company’s stock were exchanged, compared to its average volume of 103,896. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.10. AV Homes has a twelve month low of $16.45 and a twelve month high of $17.35. The company has a market cap of $381.04 million, a P/E ratio of 50.15 and a beta of 0.51.

AV Homes (NASDAQ:AVHI) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). AV Homes had a positive return on equity of 1.73% and a negative net margin of 3.18%. The business had revenue of $280.77 million for the quarter, compared to analyst estimates of $301.30 million. equities research analysts forecast that AV Homes will post 1.33 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of AVHI. Wells Fargo & Company MN grew its stake in shares of AV Homes by 51.4% in the 3rd quarter. Wells Fargo & Company MN now owns 12,507 shares of the financial services provider’s stock valued at $215,000 after buying an additional 4,248 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of AV Homes in the 4th quarter valued at about $391,000. Deutsche Bank AG grew its stake in shares of AV Homes by 49.1% in the 4th quarter. Deutsche Bank AG now owns 101,828 shares of the financial services provider’s stock valued at $1,695,000 after buying an additional 33,550 shares during the period. Basswood Capital Management L.L.C. acquired a new stake in shares of AV Homes in the 4th quarter valued at about $1,880,000. Finally, Quantum Capital Management grew its stake in shares of AV Homes by 31.8% in the 1st quarter. Quantum Capital Management now owns 108,013 shares of the financial services provider’s stock valued at $2,004,000 after buying an additional 26,030 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

AV Homes Company Profile

AV Homes, Inc engages in the homebuilding and community development businesses in Florida, the Carolinas, Arizona, and Texas markets. The company is involved in the acquisition, development, and building of active adult communities, which are age-restricted to the age 55 and over active adult demographic; and primary residential home communities under local Savvy Homes, Bonterra Builders, Royal Oak Homes, and Oakdale-Hampton brands for first-time and move-up buyers.

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