Zacks: AV Homes Inc (AVHI) Given Consensus Rating of “Hold” by Brokerages

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

Brokerages have set a 12 month consensus price objective 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 52 out of 265 based on the ratings given to related companies.

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AVHI has been the subject of several recent analyst reports. Zacks Investment Research raised AV Homes from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub raised AV Homes from a “hold” rating to a “buy” rating in a report on Friday, January 5th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stone Ridge Asset Management LLC bought a new position in AV Homes during the fourth quarter valued at $391,000. Deutsche Bank AG grew its holdings in AV Homes by 49.1% during the fourth quarter. Deutsche Bank AG now owns 101,828 shares of the financial services provider’s stock valued at $1,695,000 after purchasing an additional 33,550 shares during the period. Basswood Capital Management L.L.C. bought a new position in AV Homes during the fourth quarter valued at $1,880,000. Renaissance Technologies LLC grew its holdings in AV Homes by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 330,500 shares of the financial services provider’s stock valued at $5,503,000 after purchasing an additional 40,592 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in 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 purchasing an additional 7,664 shares during the period. 85.32% of the stock is owned by institutional investors and hedge funds.

Shares of AVHI stock traded up $0.07 during trading on Monday, hitting $19.07. The company’s stock had a trading volume of 7,793 shares, compared to its average volume of 90,711. The firm has a market cap of $424.62, a PE ratio of 25.77 and a beta of 0.49. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 1.09. AV Homes has a 52 week low of $14.65 and a 52 week high of $20.50.

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