Tricadia Capital Management buys $11,320,710 stake in CalAtlantic Group Inc (CAA)

CalAtlantic Group Inc (CAA) : Tricadia Capital Management scooped up 110,000 additional shares in CalAtlantic Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 353,000 shares of CalAtlantic Group Inc which is valued at $11,320,710.CalAtlantic Group Inc makes up approximately 3.29% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Weiss Multi-strategy Advisers sold out all of its stake in CAA during the most recent quarter. The investment firm sold 44,920 shares of CAA which is valued $1,440,584. Marshall Wace Llp sold out all of its stake in CAA during the most recent quarter. The investment firm sold 40,635 shares of CAA which is valued $1,273,501.Hodges Capital Management boosted its stake in CAA in the latest quarter, The investment management firm added 35,750 additional shares and now holds a total of 72,850 shares of CalAtlantic Group Inc which is valued at $2,283,119. CalAtlantic Group Inc makes up approx 0.11% of Hodges Capital Management’s portfolio.Blackrock Investment Management boosted its stake in CAA in the latest quarter, The investment management firm added 1,419 additional shares and now holds a total of 221,024 shares of CalAtlantic Group Inc which is valued at $7,088,240. CalAtlantic Group Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio. Peregrine Capital Management sold out all of its stake in CAA during the most recent quarter. The investment firm sold 42,600 shares of CAA which is valued $1,352,550.

On the company’s financial health, CalAtlantic Group Inc reported $0.97 EPS for the quarter, missing the analyst consensus estimate by $ -0.20 based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus of $1.17. The company had revenue of $1665.03 million for the quarter, compared to analysts expectations of $1964.24 million. The company’s revenue was up 166.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

Investors should note that on Oct 27, 2016, CalAtlantic Group Inc announced a cash dividend of $0.0400. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Dec 30, 2016.

Many Wall Street Analysts have commented on CalAtlantic Group Inc. CalAtlantic Group Inc was Initiated by Wells Fargo to “Market Perform” on Sep 29, 2016. Wedbush Initiated CalAtlantic Group Inc on Sep 20, 2016 to “Outperform”, Price Target of the shares are set at $44.

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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