CalAtlantic Group Inc (CAA) : Alpenglow Capital Lp reduced its stake in CalAtlantic Group Inc by 7.75% during the most recent quarter end. The investment management company now holds a total of 273,979 shares of CalAtlantic Group Inc which is valued at $8,786,507 after selling 23,029 shares in CalAtlantic Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.CalAtlantic Group Inc makes up approximately 6.18% of Alpenglow Capital Lp’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in CAA in the latest quarter, The investment management firm added 53,932 additional shares and now holds a total of 61,078 shares of CalAtlantic Group Inc which is valued at $1,958,771. CalAtlantic Group Inc makes up approx 0.13% of Cubist Systematic Strategies’s portfolio. Tortoise Investment Management added CAA to its portfolio by purchasing 257 company shares during the most recent quarter which is valued at $7,998.Jennison Associates reduced its stake in CAA by selling 128,018 shares or 8.37% in the most recent quarter. The Hedge Fund company now holds 1,402,230 shares of CAA which is valued at $44,170,245. CalAtlantic Group Inc makes up approx 0.05% of Jennison Associates’s portfolio.Ftb Advisors boosted its stake in CAA in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 515 shares of CalAtlantic Group Inc which is valued at $16,645.Great West Life Assurance Co Can boosted its stake in CAA in the latest quarter, The investment management firm added 1,154 additional shares and now holds a total of 44,720 shares of CalAtlantic Group Inc which is valued at $1,429,251.
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 Companys 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 Companys 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.