Ulysses Management buys $7,426,692 stake in AV Homes Inc (AVHI)

AV Homes Inc (AVHI) : Ulysses Management scooped up 2,848 additional shares in AV Homes Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 544,080 shares of AV Homes Inc which is valued at $7,426,692.AV Homes Inc makes up approximately 2.21% of Ulysses Management’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in AVHI by selling 1,439 shares or 3.44% in the most recent quarter. The Hedge Fund company now holds 40,333 shares of AVHI which is valued at $550,545.Oppenheimer Co Inc boosted its stake in AVHI in the latest quarter, The investment management firm added 73,814 additional shares and now holds a total of 783,642 shares of AV Homes Inc which is valued at $11,080,698. AV Homes Inc makes up approx 0.32% of Oppenheimer Co Inc’s portfolio. Essex Investment Management Co sold out all of its stake in AVHI during the most recent quarter. The investment firm sold 50,577 shares of AVHI which is valued $688,353.

AV Homes Inc opened for trading at $15.2 and hit $15.2403 on the upside on Thursday, eventually ending the session at $15.19, with a gain of 0.13% or 0.02 points. The heightened volatility saw the trading volume jump to 24,847 shares. Company has a market cap of $344 M.

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.

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