AV Homes Inc (AVHI) Given Average Recommendation of “Hold” by Brokerages

Shares of AV Homes Inc (NASDAQ:AVHI) have earned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Analysts have set a 1-year consensus price target of $22.00 for the company and are expecting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given AV Homes an industry rank of 94 out of 265 based on the ratings given to related companies.

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A number of equities research analysts have recently issued reports on the company. BidaskClub lowered AV Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded AV Homes from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Thursday, January 4th.

Several hedge funds have recently bought and sold shares of AVHI. Wells Fargo & Company MN grew its stake in shares of AV Homes by 51.4% in the third 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 in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of AV Homes in the fourth quarter valued at about $391,000. GSA Capital Partners LLP grew its stake in shares of AV Homes by 247.6% in the third quarter. GSA Capital Partners LLP now owns 58,259 shares of the financial services provider’s stock valued at $999,000 after buying an additional 41,500 shares in the last quarter. Deutsche Bank AG grew its stake in shares of AV Homes by 49.1% in the fourth 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 in the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new stake in shares of AV Homes in the fourth quarter valued at about $1,880,000. Institutional investors and hedge funds own 85.32% of the company’s stock.

Shares of AVHI stock traded up $0.10 during trading hours on Monday, reaching $19.50. The company had a trading volume of 106,509 shares, compared to its average volume of 91,839. The company has a debt-to-equity ratio of 1.09, a quick ratio of 3.94 and a current ratio of 3.94. AV Homes has a twelve month low of $14.65 and a twelve month high of $20.50. The firm has a market cap of $433.55, a P/E ratio of 26.35 and a beta of 0.49.

AV Homes (NASDAQ:AVHI) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). AV Homes had a negative net margin of 2.60% and a positive return on equity of 2.77%. The company had revenue of $280.77 million during the quarter, compared to analyst estimates of $301.30 million. equities research analysts predict that AV Homes will post 1.35 EPS for the current year.

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AV Homes Company Profile

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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