Reservoir Operations Lowers stake in WCI Communities Inc (WCIC)

WCI Communities Inc (WCIC) : Reservoir Operations reduced its stake in WCI Communities Inc by 98.71% during the most recent quarter end. The investment management company now holds a total of 63 shares of WCI Communities Inc which is valued at $1,086 after selling 4,819 shares in WCI Communities Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.

Other Hedge Funds, Including , Woodmont Investment Counsel reduced its stake in WCIC by selling 5,882 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 70,952 shares of WCIC which is valued at $1,223,212. WCI Communities Inc makes up approx 0.35% of Woodmont Investment Counsel’s portfolio.Vanguard Group Inc boosted its stake in WCIC in the latest quarter, The investment management firm added 29,417 additional shares and now holds a total of 732,581 shares of WCI Communities Inc which is valued at $12,629,696.Tower Research Capital (trc) boosted its stake in WCIC in the latest quarter, The investment management firm added 401 additional shares and now holds a total of 1,801 shares of WCI Communities Inc which is valued at $31,049.Advisors Asset Management reduced its stake in WCIC by selling 1,083 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 28,363 shares of WCIC which is valued at $490,680. WCI Communities Inc makes up approx 0.01% of Advisors Asset Management’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.

WCI Communities Inc opened for trading at $17.2 and hit $17.76 on the upside on Tuesday, eventually ending the session at $17.66, with a gain of 3.09% or 0.53 points. The heightened volatility saw the trading volume jump to 1,59,922 shares. Company has a market cap of $465 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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