WCI Communities Inc (WCIC) : Thomson Horstmann Bryant Inc reduced its stake in WCI Communities Inc by 1.59% during the most recent quarter end. The investment management company now holds a total of 823,448 shares of WCI Communities Inc which is valued at $14,863,236 after selling 13,305 shares in WCI Communities Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.WCI Communities Inc makes up approximately 1.84% of Thomson Horstmann Bryant Inc’s portfolio.
Other Hedge Funds, Including , Berkshire Asset Managementpa reduced its stake in WCIC by selling 49,476 shares or 36.15% in the most recent quarter. The Hedge Fund company now holds 87,372 shares of WCIC which is valued at $1,560,464. WCI Communities Inc makes up approx 0.23% of Berkshire Asset Managementpa’s portfolio.Dalton Greiner Hartman Maher Co boosted its stake in WCIC in the latest quarter, The investment management firm added 43,018 additional shares and now holds a total of 174,055 shares of WCI Communities Inc which is valued at $3,124,287. WCI Communities Inc makes up approx 0.19% of Dalton Greiner Hartman Maher Co’s portfolio.Foundry Partners boosted its stake in WCIC in the latest quarter, The investment management firm added 25,966 additional shares and now holds a total of 204,155 shares of WCI Communities Inc which is valued at $3,664,582. WCI Communities Inc makes up approx 0.34% of Foundry Partners’s portfolio.Creative Planning reduced its stake in WCIC by selling 40 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 335 shares of WCIC which is valued at $6,013.
WCI Communities Inc opened for trading at $17.78 and hit $17.93 on the upside on Wednesday, eventually ending the session at $17.86, with a gain of 0.51% or 0.09 points. The heightened volatility saw the trading volume jump to 67,699 shares. Company has a market cap of $470 M.
On the company’s financial health, WCI Communities Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.16. The company had revenue of $138.30 million for the quarter, compared to analysts expectations of $118.53 million. The company’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on WCI Communities Inc. WCI Communities Inc was Initiated by Sidoti to “Buy” on May 20, 2016. Shares were Reiterated by FBR Capital on Apr 28, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $23 .WCI Communities Inc was Downgraded by Raymond James to ” Outperform” on Apr 28, 2016.
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.