Real Estate Management Services LLC Acquires 291,500 Shares of WCI Communities Inc. (WCIC)
Real Estate Management Services LLC boosted its stake in WCI Communities Inc. (NYSE:WCIC) by 22.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,599,000 shares of the company’s stock after buying an additional 291,500 shares during the period. WCI Communities makes up approximately 4.7% of Real Estate Management Services LLC’s portfolio, making the stock its 9th largest position. Real Estate Management Services LLC owned about 0.06% of WCI Communities worth $27,023,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in WCIC. Bank of Montreal Can bought a new stake in shares of WCI Communities during the second quarter valued at $11,620,000. Foundry Partners LLC increased its stake in shares of WCI Communities by 0.3% in the second quarter. Foundry Partners LLC now owns 204,730 shares of the company’s stock valued at $3,460,000 after buying an additional 575 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of WCI Communities by 32.8% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 174,055 shares of the company’s stock valued at $2,942,000 after buying an additional 43,018 shares during the last quarter. Royal Bank of Canada increased its stake in shares of WCI Communities by 49.7% in the first quarter. Royal Bank of Canada now owns 23,524 shares of the company’s stock valued at $437,000 after buying an additional 7,812 shares during the last quarter. Finally, Springbok Capital Management LLC increased its stake in shares of WCI Communities by 5.3% in the first quarter. Springbok Capital Management LLC now owns 83,655 shares of the company’s stock valued at $1,554,000 after buying an additional 4,244 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.
WCI Communities Inc. (NYSE:WCIC) traded up 0.42% on Monday, reaching $23.82. The company’s stock had a trading volume of 304,224 shares. WCI Communities Inc. has a 52 week low of $15.41 and a 52 week high of $25.00. The stock’s 50 day moving average is $19.18 and its 200-day moving average is $17.83. The firm has a market capitalization of $627.37 million, a PE ratio of 17.66 and a beta of 1.43.
WCI Communities (NYSE:WCIC) last released its earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. WCI Communities had a return on equity of 7.55% and a net margin of 5.80%. The business had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.99 million. During the same period last year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that WCI Communities Inc. will post $1.34 EPS for the current year.
A number of brokerages recently commented on WCIC. Credit Suisse Group AG reissued a “buy” rating on shares of WCI Communities in a report on Tuesday, June 28th. Zacks Investment Research raised WCI Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 19th. JMP Securities began coverage on WCI Communities in a report on Wednesday, August 31st. They issued an “outperform” rating and a $18.77 price target for the company. TheStreet raised WCI Communities from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Finally, Wedbush began coverage on WCI Communities in a report on Monday, September 19th. They issued a “neutral” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.68.
About WCI Communities
WCI Communities, Inc is a holding company. The Company is a lifestyle community developer and luxury homebuilder of single- and multi-family homes, including luxury high-rise tower units, in coastal Florida’s markets. The Company’s segments include Homebuilding, Real Estate Services and Amenities. The Homebuilding segment designs, sells and builds single- and multi-family homes and tower units.
Want to see what other hedge funds are holding WCIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WCI Communities Inc. (NYSE:WCIC).
Receive News & Ratings for WCI Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WCI Communities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.