Shares are trading at $20.20 which is marginally over $17.37, the stock’s 50 day moving average and barely above the 200 day moving average of $16.81. The 50 day moving average was up $2.83 and the 200 day average was up $3.39. Trading was heavy with 76K shares changing hands on Thursday. Shares saw a steep increase in trading volume of 55.36% over the normal average daily volume.
Traders are a little more bearish on shares of A V Homes, Inc. if you pay attention to the increase in short interest. The firm experienced a rise in short interest of 3.07% between June 15, 2017 and May 31, 2017. Short shares grew 44,250 over that timeframe. Days to cover decreased from 29.5 to 21.2 and the percentage of shorted shares is 0.07% as of May 31.
The following firms have also recently changed their position in AVHI. Creative Planning added to its investment by buying 30 shares an increase of 6.0% from 03/31/2017 to 06/30/2017. Creative Planning controls 530 shares with a value of $11,000. The total value of its holdings increased 37.5%. As of quarter end Morgan Stanley had sold a total of 132 shares trimming its holdings by 22.7%. The value of the investment in A V Homes, Inc. decreased from $9,000 to $7,000 a change of $2,000 quarter over quarter.
As of the end of the quarter Oppenheimer & Co Inc had disposed of 12,000 shares trimming its stake by 2.5%. The value of the investment in (AVHI) went from $7,598,000 to $7,714,000 increasing 1.5% quarter to quarter. As of the end of the quarter State Street Corp had sold a total of 443 shares trimming its position 0.2%. The value of the investment in AVHI increased from $3,283,000 to $3,410,000 a change of 3.9% for the reporting period.
Wedbush began coverage of AVHI with an initial rating of “Neutral”. On March 8, 2016 Sidoti & Co. added the stock to its research portfolio giving it an initial rating of “Buy”.
On January 25 JMP Securities maintained a company rating of “Market Outperform” but moved down the price target from $20.00 to $17.00. On November 2, 2015 the stock rating was changed to a “Buy” according to a Sterne Agee CRT report up from the previous “Neutral” rating.
June 12 investment analysts at JMP Securities kept the company rating at “Market Outperform” and raised the price target to $20.00 from $19.00. On October 13 analysts at JMP Securities starting coverage on AVHI with a rating of “Outperform” and setting a price target of $19.00.
In the market the company is trading up from yesterday’s close of $20.15. The P/E ratio is 3.53 and the market cap of the company is 453.31M. In the last earnings report the EPS was $5.72 and is expected to be $1.05 for the current year with 22,441,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.27 with next year’s EPS projected to be $1.26.
AV Homes, Inc., launched on October 6, 1970, 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 Business’s segments include Florida, Arizona and the Carolinas. The Company focuses on the development and construction of primary residential communities serving first-time and move-up buyers, including under its local Bonterra Builders and Royal Oak Homes brands, and active adult communities, which are age-restricted to the age 55 and over active adult demographic..