WCI Communities Inc (WCIC) is Initiated by JMP Securities to Mkt Outperform

WCI Communities Inc (WCIC) was Initiated by JMP Securities to “Mkt Outperform”. JMP Securities advised their investors in a research report released on Aug 31, 2016.

On the company’s financial health, WCI Communities Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.30. The company had revenue of $167.40 million for the quarter, compared to analysts expectations of $158.74 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

WCI Communities Inc opened for trading at $18.37 and hit $18.92 on the upside on Monday, eventually ending the session at $18.68, with a gain of 1.63% or 0.3 points. The heightened volatility saw the trading volume jump to 3,13,598 shares. Company has a market cap of $492 M.

In a different news, on Aug 24, 2015, Reinaldo L Mesa (officer ) sold 2,000 shares at $24.37 per share price. According to the SEC, on Aug 10, 2015, Keith E Bass (PRESIDENT & CEO) sold 12,500 shares at $24.00 per share price. On Aug 4, 2015, Russell Devendorf (SVP AND CFO) sold 4,500 shares at $25.13 per share price, according to the Form-4 filing with the securities and exchange commission.

WCI Communities Inc. is a lifestyle community developer and luxury homebuilder of single- and multi-family homes. The Company’s business is organized into three operating segments: Homebuilding which designs sells and builds homes across a range of price points and sizes; Real Estate Services which operates a real estate brokerage business under the Berkshire Hathaway HomeServices brand and title services and Amenities which includes the construction ownership and management of recreational amenities in residential communities that it develops. Amenities consist of golf courses and country clubs marinas and resort-style facilities.

WCI Communities Inc

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