AV Homes Inc (AVHI) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in shares of AV Homes Inc (NASDAQ:AVHI) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 330,500 shares of the financial services provider’s stock after acquiring an additional 40,592 shares during the quarter. Renaissance Technologies LLC’s holdings in AV Homes were worth $5,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wells Fargo & Company MN increased its position in shares of AV Homes by 61.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,171 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 7,664 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of AV Homes by 247.6% during the third quarter. GSA Capital Partners LLP now owns 58,259 shares of the financial services provider’s stock valued at $999,000 after acquiring an additional 41,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of AV Homes by 9.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,046,609 shares of the financial services provider’s stock valued at $17,949,000 after acquiring an additional 94,199 shares during the last quarter. 85.32% of the stock is owned by institutional investors.

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Shares of AVHI opened at $19.40 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.94 and a quick ratio of 3.94. The company has a market cap of $433.55, a P/E ratio of 35.27 and a beta of 0.49. AV Homes Inc has a 12 month low of $14.65 and a 12 month high of $20.50.

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

A number of analysts recently commented on the company. BidaskClub downgraded AV Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised AV Homes from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Thursday, January 4th.

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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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Institutional Ownership by Quarter for AV Homes (NASDAQ:AVHI)

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