Wcg Management adds CalAtlantic Group Inc (CAA) to its portfolio

CalAtlantic Group Inc (CAA) : Wcg Management added new position in CalAtlantic Group Inc during the most recent quarter end. The investment management firm now holds 138,000 shares of CalAtlantic Group Inc which is valued at $5,016,300 , the company said in a statement filed on Aug 1, 2016 with the SEC.CalAtlantic Group Inc makes up approximately 5.86% of Wcg Management’s portfolio.

Other Hedge Funds, Including , Clarivest Asset Management reduced its stake in CAA by selling 11,200 shares or 26.03% in the most recent quarter. The Hedge Fund company now holds 31,820 shares of CAA which is valued at $1,152,202. CalAtlantic Group Inc makes up approx 0.03% of Clarivest Asset Management’s portfolio.Pacific Heights Asset Management boosted its stake in CAA in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 135,000 shares of CalAtlantic Group Inc which is valued at $5,397,300. CalAtlantic Group Inc makes up approx 0.48% of Pacific Heights Asset Management’s portfolio.Sadoff Investment Management boosted its stake in CAA in the latest quarter, The investment management firm added 7,750 additional shares and now holds a total of 594,905 shares of CalAtlantic Group Inc which is valued at $23,469,002. CalAtlantic Group Inc makes up approx 2.66% of Sadoff Investment Management’s portfolio.

On the company’s financial health, CalAtlantic Group Inc reported $0.88 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.01. The company had revenue of $1558.70 million for the quarter, compared to analysts expectations of $1748.79 million. The company’s revenue was up 124.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on CalAtlantic Group Inc. Shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform” and Lowered the Price Target to $ 43 from a previous price target of $48 .Shares were Reiterated by MKM Partners on Aug 1, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $47 .RBC Capital Mkts Initiated CalAtlantic Group Inc on Jul 19, 2016 to “Outperform”, Price Target of the shares are set at $48.

Calatlantic Group Inc. formerly Standard Pacific Corp. is a builder of single-family attached and detached homes. The Company operates in two segments: homebuilding and financial services. The Company’s homebuilding segment operations include acquiring and developing land and construct and sell single-family attached and detached homes. The homebuilding operating segments are grouped into three segments: California; Southwest consisting of its operating divisions in Arizona Texas Colorado and Nevada; and Southeast consisting of its operating divisions in Florida and the Carolinas. The Company’s Financial Services segment includes mortgage financing operation which provides mortgage financing to its homebuyers. The Company’s title services operation provides title examinations for its homebuyers in Texas and Florida.

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