BidaskClub cut shares of AV Homes (NASDAQ:AVHI) from a buy rating to a hold rating in a report published on Wednesday morning.

Separately, Zacks Investment Research upgraded AV Homes from a sell rating to a hold rating in a research report on Wednesday, June 27th.

AV Homes opened at $21.55 on Wednesday, Marketbeat Ratings reports. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.10. The firm has a market cap of $481.60 million, a price-to-earnings ratio of 29.12 and a beta of 0.70. AV Homes has a fifty-two week low of $14.65 and a fifty-two week high of $21.80.

AV Homes (NASDAQ:AVHI) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20). The firm had revenue of $152.01 million for the quarter, compared to the consensus estimate of $167.40 million. AV Homes had a positive return on equity of 1.73% and a negative net margin of 3.18%. equities analysts expect that AV Homes will post 1.33 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in AV Homes by 61.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,171 shares of the financial services provider’s stock worth $336,000 after buying an additional 7,664 shares during the period. Stone Ridge Asset Management LLC bought a new position in AV Homes during the 4th quarter worth $391,000. Deutsche Bank AG increased its position in AV Homes by 49.1% during the 4th quarter. Deutsche Bank AG now owns 101,828 shares of the financial services provider’s stock worth $1,695,000 after buying an additional 33,550 shares during the period. Quantum Capital Management increased its position in AV Homes by 31.8% during the 1st quarter. Quantum Capital Management now owns 108,013 shares of the financial services provider’s stock worth $2,004,000 after buying an additional 26,030 shares during the period. Finally, LSV Asset Management increased its position in AV Homes by 44.5% during the 1st quarter. LSV Asset Management now owns 221,527 shares of the financial services provider’s stock worth $4,109,000 after buying an additional 68,269 shares during the period. Hedge funds and other institutional investors own 86.22% 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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