James Investment Research Inc. Sells 66,320 Shares of A V Homes, Inc. (NASDAQ:AVHI)

James Investment Research Inc. cut its stake in A V Homes, Inc. (NASDAQ:AVHI) by 37.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,690 shares of the financial services provider’s stock after selling 66,320 shares during the period. James Investment Research Inc. owned about 0.49% of A V Homes worth $2,199,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of A V Homes by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 120,910 shares of the financial services provider’s stock worth $1,989,000 after buying an additional 5,617 shares during the period. LSV Asset Management boosted its stake in shares of A V Homes by 26.1% in the first quarter. LSV Asset Management now owns 144,358 shares of the financial services provider’s stock worth $2,374,000 after buying an additional 29,900 shares during the period. Heartland Advisors Inc. boosted its stake in shares of A V Homes by 0.3% in the first quarter. Heartland Advisors Inc. now owns 854,600 shares of the financial services provider’s stock worth $14,058,000 after buying an additional 2,300 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of A V Homes by 84.5% in the first quarter. Great West Life Assurance Co. Can now owns 16,813 shares of the financial services provider’s stock worth $277,000 after buying an additional 7,700 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of A V Homes by 138.1% in the first quarter. Russell Investments Group Ltd. now owns 49,544 shares of the financial services provider’s stock worth $815,000 after buying an additional 28,737 shares in the last quarter. 83.76% of the stock is owned by institutional investors.

A V Homes, Inc. (AVHI) traded up 1.99% during midday trading on Friday, reaching $15.40. 217,787 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $18.25 and its 200 day moving average is $17.22. A V Homes, Inc. has a 1-year low of $13.52 and a 1-year high of $20.50. The stock has a market cap of $345.81 million, a P/E ratio of 11.58 and a beta of 0.55.

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AVHI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of A V Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of A V Homes from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, JMP Securities cut shares of A V Homes from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 19th.

In other news, Director Roger Einiger purchased 5,000 shares of A V Homes stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $15.45 per share, with a total value of $77,250.00. Following the completion of the purchase, the director now directly owns 41,537 shares in the company, valued at $641,746.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joshua Lionel Nash bought 18,953 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was bought at an average cost of $15.25 per share, for a total transaction of $289,033.25. Following the completion of the purchase, the director now owns 193,475 shares of the company’s stock, valued at approximately $2,950,493.75. The disclosure for this purchase can be found here. Insiders acquired 101,868 shares of company stock valued at $1,555,598 in the last quarter. Corporate insiders own 6.80% of the company’s stock.

About A V Homes

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.

Institutional Ownership by Quarter for A V Homes (NASDAQ:AVHI)

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