Wellesley Investment Advisors Exits Position in CalAtlantic Group Inc (CAA)

CalAtlantic Group Inc (CAA) : Wellesley Investment Advisors has sold out all of its stake in CalAtlantic Group Inc during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 8,255 shares of CalAtlantic Group Inc which is valued at $280,918.

Other Hedge Funds, Including , Baird Financial Group sold out all of its stake in CAA during the most recent quarter. The investment firm sold 5,394 shares of CAA which is valued $183,558.Irving Magee Investment Management boosted its stake in CAA in the latest quarter, The investment management firm added 33,012 additional shares and now holds a total of 96,109 shares of CalAtlantic Group Inc which is valued at $3.3 Million. CalAtlantic Group Inc makes up approx 1.70% of Irving Magee Investment Management’s portfolio.Profund Advisors boosted its stake in CAA in the latest quarter, The investment management firm added 1,366 additional shares and now holds a total of 10,554 shares of CalAtlantic Group Inc which is valued at $355,353. CalAtlantic Group Inc makes up approx 0.02% of Profund Advisors’s portfolio.Teachers Advisors Inc boosted its stake in CAA in the latest quarter, The investment management firm added 2,818 additional shares and now holds a total of 119,436 shares of CalAtlantic Group Inc which is valued at $4 Million. CalAtlantic Group Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Clarivest Asset Management boosted its stake in CAA in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 43,020 shares of CalAtlantic Group Inc which is valued at $1.4 Million. CalAtlantic Group Inc makes up approx 0.04% of Clarivest Asset Management’s portfolio.

On the company’s financial health, CalAtlantic Group Inc reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.83. The company had revenue of $1179.00 million for the quarter, compared to analysts expectations of $1510.56 million. The company’s revenue was up 151.7% compared to the same quarter last year.

Investors should note that on May 3, 2016, CalAtlantic Group Inc announced a cash dividend of $0.0400. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on CalAtlantic Group Inc. Raymond James Upgraded CalAtlantic Group Inc on May 13, 2016 to ” Outperform”, Price Target of the shares are set at $39.Company shares were Reiterated by FBR Capital on May 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 37 from a previous price target of $32 .Company shares were Reiterated by MKM Partners on May 9, 2016 to “Neutral”, Firm has raised the Price Target to $ 38 from a previous price target of $34 .

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.

Leave a Reply

CalAtlantic Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on CalAtlantic Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.