Gabelli Funds LLC cut its holdings in CalAtlantic Group Inc (NYSE:CAA) by 27.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 180,915 shares of the industrial goods maker’s stock after selling 69,085 shares during the quarter. Gabelli Funds LLC’s holdings in CalAtlantic Group were worth $10,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new position in shares of CalAtlantic Group in the 4th quarter valued at approximately $123,000. Cerebellum GP LLC acquired a new position in shares of CalAtlantic Group in the 4th quarter valued at approximately $126,000. Quantitative Systematic Strategies LLC acquired a new position in shares of CalAtlantic Group in the 4th quarter valued at approximately $209,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CalAtlantic Group by 53.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,071 shares of the industrial goods maker’s stock valued at $230,000 after purchasing an additional 1,418 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC acquired a new position in shares of CalAtlantic Group in the 4th quarter valued at approximately $230,000. Institutional investors and hedge funds own 93.79% of the company’s stock.

In other news, EVP John Patrick Babel sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $52.48, for a total transaction of $629,760.00. Following the sale, the executive vice president now owns 33,603 shares in the company, valued at approximately $1,763,485.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeffrey Joseph Mccall sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $55.27, for a total value of $3,592,550.00. Following the sale, the chief financial officer now owns 178,519 shares in the company, valued at approximately $9,866,745.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 283,206 shares of company stock valued at $14,970,977. Insiders own 39.50% of the company’s stock.

CalAtlantic Group Inc (CAA) opened at $52.71 on Friday. CalAtlantic Group Inc has a 12-month low of $32.47 and a 12-month high of $64.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. The firm has a market capitalization of $6,159.27, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45.

CalAtlantic Group (NYSE:CAA) last released its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.07). CalAtlantic Group had a return on equity of 10.35% and a net margin of 6.85%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.97 EPS. The company’s revenue was down 9.0% compared to the same quarter last year. sell-side analysts expect that CalAtlantic Group Inc will post 3.3 earnings per share for the current year.

Several equities analysts recently issued reports on CAA shares. UBS Group started coverage on CalAtlantic Group in a research report on Wednesday, October 25th. They issued a “neutral” rating and a $42.00 price objective for the company. Mizuho started coverage on CalAtlantic Group in a research report on Thursday, October 26th. They issued a “buy” rating and a $45.00 price objective for the company. JMP Securities lowered CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. Wedbush lowered CalAtlantic Group from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $41.00 to $51.00 in a research report on Tuesday, October 31st. Finally, MKM Partners lowered CalAtlantic Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Fourteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.60.

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About CalAtlantic Group

CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

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Institutional Ownership by Quarter for CalAtlantic Group (NYSE:CAA)

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