CalAtlantic Group Inc (CAA) Stake Lowered by KAMES CAPITAL plc

KAMES CAPITAL plc lessened its stake in CalAtlantic Group Inc (NYSE:CAA) by 95.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,168 shares of the industrial goods maker’s stock after selling 293,952 shares during the quarter. KAMES CAPITAL plc’s holdings in CalAtlantic Group were worth $799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norman Fields Gottscho Capital Management LLC acquired a new stake in shares of CalAtlantic Group in the 4th quarter valued at approximately $230,000. Riverhead Capital Management LLC boosted its holdings in shares of CalAtlantic Group by 71.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,387 shares of the industrial goods maker’s stock valued at $155,000 after buying an additional 1,827 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of CalAtlantic Group in the 2nd quarter valued at approximately $222,000. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of CalAtlantic Group in the 3rd quarter valued at approximately $253,000. Finally, Virtu Financial LLC acquired a new stake in shares of CalAtlantic Group in the 3rd quarter valued at approximately $253,000.

Shares of CalAtlantic Group Inc (CAA) opened at $61.95 on Friday. CalAtlantic Group Inc has a twelve month low of $32.47 and a twelve month high of $63.06. The stock has a market capitalization of $7,198.03, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings results on Wednesday, November 8th. The industrial goods maker reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.07). CalAtlantic Group had a net margin of 6.85% and a return on equity of 10.35%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. equities research analysts expect that CalAtlantic Group Inc will post 3.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 30th. Shareholders of record on Friday, December 15th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, December 14th. CalAtlantic Group’s dividend payout ratio is 4.75%.

Several research firms have recently commented on CAA. B. Riley reissued a “neutral” rating on shares of CalAtlantic Group in a report on Wednesday, November 1st. Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Tuesday, January 9th. Wedbush downgraded CalAtlantic Group from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $41.00 to $51.00 in a report on Tuesday, October 31st. ValuEngine raised CalAtlantic Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, JMP Securities downgraded CalAtlantic Group from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.40.

In other CalAtlantic Group news, CFO Jeffrey Joseph Mccall sold 65,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $55.27, for a total transaction of $3,592,550.00. Following the completion of the sale, the chief financial officer now owns 178,519 shares of the company’s stock, valued at approximately $9,866,745.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Larry T. Nicholson sold 100,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $51.94, for a total value of $5,194,000.00. Following the transaction, the chief executive officer now owns 714,691 shares in the company, valued at approximately $37,121,050.54. The disclosure for this sale can be found here. Insiders have sold a total of 283,206 shares of company stock valued at $14,970,977 in the last ninety days. Insiders own 39.50% of the company’s stock.

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CalAtlantic Group Profile

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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