Insider Selling: WCI Communities Insider Sells $88,220 in Stock (WCIC)
WCI Communities (NASDAQ:WCIC) Insider Reinaldo L. Mesa sold 4,400 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $20.05, for a total transaction of $88,220.00. Following the completion of the transaction, the insider now directly owns 47,511 shares in the company, valued at approximately $952,596. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of WCI Communities (NASDAQ:WCIC) traded down 0.20% during mid-day trading on Monday, hitting $20.03. The stock had a trading volume of 40,130 shares. WCI Communities has a one year low of $14.50 and a one year high of $21.28. The stock has a 50-day moving average of $18.33 and a 200-day moving average of $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 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts predict that WCI Communities will post $0.76 earnings per share for the current fiscal year.
A number of research firms have recently commented on WCIC. 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.47.
WCI Communities, Inc is a lifestyle community developer and luxury homebuilder of single-and multi-family homes.
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