Today’s Price Action: AV Homes Inc on Focus After Trading At 52-Week Highs

Today's Price Action: AV Homes Inc on Focus After Trading At 52 Week Highs

The stock of AV Homes Inc (NASDAQ:AVHI) hit a new 52-week high and has $43.73 target or 155.00% above today’s $17.15 share price. The 6 months bullish chart indicates low risk for the $396.63 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $43.73 price target is reached, the company will be worth $614.78M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 40,680 shares traded hands. AV Homes Inc (NASDAQ:AVHI) has risen 47.95% since April 11, 2016 and is uptrending. It has outperformed by 41.80% the S&P500.

AV Homes Inc (NASDAQ:AVHI) Ratings Coverage

Out of 2 analysts covering AV Homes (NASDAQ:AVHI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. AV Homes has been the topic of 2 analyst reports since November 2, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Sidoti given on Tuesday, March 8. The stock of AV Homes Inc (NASDAQ:AVHI) earned “Buy” rating by Sterne Agee CRT on Monday, November 2.

According to Zacks Investment Research, “AV Homes, Inc. is engaged in homebuilding, land development and other real estate operations in Florida and Arizona. The company also builds homes in central Florida and Phoenix under its Joseph Carl Homes brand. It owns and operates active adult communities, including Solivita near Orlando and CantaMia near Phoenix. AV Homes, Inc., formerly known as Avatar Holdings Inc., is based in Poinciana, Florida.”

Insitutional Activity: The institutional sentiment decreased to 1.33 in Q2 2016. Its down 0.02, from 1.35 in 2016Q1. The ratio fall, as 5 funds sold all AV Homes Inc shares owned while 13 reduced positions. 5 funds bought stakes while 19 increased positions. They now own 17.33 million shares or 3.75% less from 18.01 million shares in 2016Q1.
Sei Invs accumulated 0% or 423 shares. Oppenheimer & reported 783,642 shares or 0.29% of all its holdings. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Geduld E E last reported 0.48% of its portfolio in the stock. Royal Commercial Bank Of Canada owns 181 shares or 0% of their US portfolio. Schwab Charles Investment Management Inc holds 0% or 31,300 shares in its portfolio. Jpmorgan Chase And accumulated 0% or 117,000 shares. The Illinois-based Lsv Asset has invested 0% in AV Homes Inc (NASDAQ:AVHI). The Massachusetts-based Rhumbline Advisers has invested 0% in AV Homes Inc (NASDAQ:AVHI). Moreover, New York State Common Retirement Fund has 0% invested in AV Homes Inc (NASDAQ:AVHI) for 11,300 shares. Ulysses Mngmt Ltd Liability last reported 544,080 shares in the company. Blackrock Institutional Trust Na accumulated 719,442 shares or 0% of the stock. Heartland Advsr has 826,900 shares for 0.57% of their US portfolio. Moreover, Renaissance Tech Limited Liability Company has 0% invested in AV Homes Inc (NASDAQ:AVHI) for 184,400 shares. Tiaa Cref Invest Limited Liability Com has invested 0% of its portfolio in AV Homes Inc (NASDAQ:AVHI).

More news for AV Homes Inc (NASDAQ:AVHI) were recently published by: Globenewswire.com, which released: “AV Homes, Inc. Announces Third Quarter 2016 Earnings Call” on October 12, 2016. Globenewswire.com‘s article titled: “Avatar Holdings Inc. Becomes AV Homes, Inc.” and published on February 15, 2012 is yet another important article.

AVHI Company Profile

AV Homes, Inc., incorporated on October 6, 1970, is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Firm 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 divisions include Florida, Arizona and the Carolinas. The Firm 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.

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