WCI Communities Inc. (NYSE:WCIC) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.19.
Several equities analysts have recently issued reports on WCIC shares. Zacks Investment Research cut shares of WCI Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Wedbush started coverage on shares of WCI Communities in a research note on Monday, September 19th. They issued a “neutral” rating and a $21.00 price objective on the stock. TheStreet raised shares of WCI Communities from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. JMP Securities started coverage on shares of WCI Communities in a report on Wednesday, August 31st. They issued an “outperform” rating and a $18.77 target price for the company. Finally, Raymond James Financial Inc. reiterated a “market perform” rating on shares of WCI Communities in a report on Monday, October 31st.
WCI Communities (NYSE:WCIC) traded down 0.107% during midday trading on Tuesday, hitting $23.275. 67,357 shares of the stock traded hands. WCI Communities has a 1-year low of $15.41 and a 1-year high of $25.00. The company has a 50-day moving average price of $23.33 and a 200-day moving average price of $19.24. The firm has a market cap of $612.97 million, a P/E ratio of 17.904 and a beta of 1.44.
Several hedge funds have recently bought and sold shares of the company. Real Estate Management Services LLC boosted its stake in WCI Communities by 22.3% in the second quarter. Real Estate Management Services LLC now owns 1,599,000 shares of the company’s stock valued at $27,023,000 after buying an additional 291,500 shares in the last quarter. California State Teachers Retirement System boosted its stake in WCI Communities by 38.8% in the second quarter. California State Teachers Retirement System now owns 45,417 shares of the company’s stock valued at $768,000 after buying an additional 12,704 shares in the last quarter. Royce & Associates LP bought a new stake in WCI Communities during the second quarter valued at approximately $2,270,000. Muhlenkamp & Co. Inc. boosted its stake in WCI Communities by 0.7% in the second quarter. Muhlenkamp & Co. Inc. now owns 362,670 shares of the company’s stock valued at $6,129,000 after buying an additional 2,346 shares in the last quarter. Finally, Cubic Asset Management LLC boosted its stake in WCI Communities by 8.3% in the second quarter. Cubic Asset Management LLC now owns 65,040 shares of the company’s stock valued at $1,099,000 after buying an additional 4,990 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.
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.