AV Homes Inc (NASDAQ:AVHI) had its target price decreased by JMP Securities from $20.00 to $17.00 in a research note published on Monday morning, Analyst Ratings Network.com reports. JMP Securities currently has a market outperform rating on the stock.

Shares of AV Homes (NASDAQ:AVHI) traded down 0.20% on Monday, hitting $9.98. The stock had a trading volume of 29,527 shares. The stock’s market cap is $222.99 million. AV Homes has a 12 month low of $9.23 and a 12 month high of $17.44. The company has a 50 day moving average price of $11.90 and a 200-day moving average price of $13.32.

AV Homes (NASDAQ:AVHI) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. On average, equities research analysts anticipate that AV Homes will post $0.52 earnings per share for the current year.

Separately, Sterne Agee CRT raised shares of AV Homes from a neutral rating to a buy rating in a report on Monday, November 2nd.

An institutional investor recently bought a new position in AV Homes stock. Essex Investment Management Co. LLC purchased a new stake in AV Homes Inc (NASDAQ:AVHI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund purchased 57,814 shares of the company’s stock, valued at approximately $741,000. Essex Investment Management Co. LLC owned approximately 0.26% of AV Homes at the end of the most recent quarter.

AV Homes, Inc. is a homebuilder. The Company’s primary business is the acquisition, development and building of active adult and primary residential home communities in Florida, Arizona and North Carolina. Its business is focused on the development of active adult communities, which are age-restricted or age-targeted to the age 55 and over active adult demographic and primary residential communities, which serve first-time and move-up buyers, and the construction and sale of residences within these communities. It also engages in the operation of amenities. It operates in three segments: the development, sale and management of active adult communities; the development and sale of primary residential communities, and the sale of commercial, industrial or other land. Its active adult communities include Solivita, CantaMia, Vitalia at Tradition, Encore at Eastmark and Creekside at Bethpage. It operates its active adult segment in select Florida and Arizona markets.

12 Month Chart for NASDAQ:AVHI

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