Insider Selling: WCI Communities CFO Unloads 5,200 Shares of Stock (WCIC)
WCI Communities (NASDAQ:WCIC) CFO Russell Devendorf sold 5,200 shares of the stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $20.06, for a total transaction of $104,312.00. Following the transaction, the chief financial officer now directly owns 61,817 shares in the company, valued at approximately $1,240,049. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of WCI Communities from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at Zacks upgraded shares of WCI Communities from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $17.80 price target on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of WCI Communities from $23.00 to $21.00 in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $21.47.
WCI Communities (NASDAQ:WCIC) traded down 0.20% on Monday, hitting $20.03. The stock had a trading volume of 40,130 shares. WCI Communities has a 52 week low of $14.50 and a 52 week high of $21.28. The stock’s 50-day moving average is $18.33 and its 200-day moving average is $19.11. The company has a market cap of $520.3 million and a price-to-earnings ratio of 4.17.
WCI Communities (NASDAQ:WCIC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $93.00 million for the quarter, compared to the consensus estimate of $104.51 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Analysts expect that WCI Communities will post $0.76 EPS for the current fiscal year.
WCI Communities, Inc is a lifestyle community developer and luxury homebuilder of single-and multi-family homes.
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