Tipp Hill Capital Management Exits Position in WCI Communities Inc (WCIC)

WCI Communities Inc (WCIC) : Tipp Hill Capital Management has sold out all of its stake in WCI Communities Inc during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 41,000 shares of WCI Communities Inc which is valued at $697,000.

Other Hedge Funds, Including , 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.Bnp Paribas Arbitrage Sa boosted its stake in WCIC in the latest quarter, The investment management firm added 844 additional shares and now holds a total of 847 shares of WCI Communities Inc which is valued at $15,534.

WCI Communities Inc opened for trading at $17.05 and hit $17.25 on the upside on Monday, eventually ending the session at $17.11, with a gain of 0.18% or 0.03 points. The heightened volatility saw the trading volume jump to 47,249 shares. Company has a market cap of $451 M.

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.

Many Wall Street Analysts have commented on WCI Communities Inc. WCI Communities Inc was Initiated by Sidoti to “Buy” on May 20, 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.

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