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 $4,467,060 , the company said in a statement filed on Apr 25, 2016 with the SEC.CalAtlantic Group Inc makes up approximately 5.12% of Wcg Management’s portfolio.
Other Hedge Funds, Including , James Investment Research Inc sold out all of its stake in CAA during the most recent quarter. The investment firm sold 9,790 shares of CAA which is valued $316,902.Winslow Evans Crocker reduced its stake in CAA by selling 1,288 shares or 6.31% in the most recent quarter. The Hedge Fund company now holds 19,122 shares of CAA which is valued at $659,135. CalAtlantic Group Inc makes up approx 0.19% of Winslow Evans Crocker’s portfolio.Gw&k Investment Management reduced its stake in CAA by selling 99,486 shares or 7.97% in the most recent quarter. The Hedge Fund company now holds 1,149,092 shares of CAA which is valued at $39,609,201. CalAtlantic Group Inc makes up approx 0.87% of Gw&k Investment Management’s portfolio.Gemmer Asset Management boosted its stake in CAA in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 170 shares of CalAtlantic Group Inc which is valued at $5,981.Simplex Trading reduced its stake in CAA by selling 3,162 shares or 97.17% in the most recent quarter. The Hedge Fund company now holds 92 shares of CAA which is valued at $3,237.
On the company’s financial health, CalAtlantic Group Inc reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.46 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.58. The company had revenue of $1674.30 million for the quarter, compared to analysts expectations of $1240.55 million. The company’s revenue was up 122.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Many Wall Street Analysts have commented on CalAtlantic Group Inc. CalAtlantic Group Inc was Resumed by BofA/Merrill to “Underperform” on Mar 16, 2016. Shares were Reiterated by FBR Capital on Feb 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 32 from a previous price target of $44 .Shares were Reiterated by MKM Partners on Feb 22, 2016 to “Neutral” and Lowered the Price Target to $ 34 from a previous price target of $45 .
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 Companys 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 Companys 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.