Insider Selling: Reinaldo L. Mesa Sells 2,300 Shares of WCI Communities Stock (WCIC)
WCI Communities (NASDAQ:WCIC) Insider Reinaldo L. Mesa sold 2,300 shares of WCI Communities stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $20.03, for a total transaction of $46,069.00. Following the completion of the sale, the insider now directly owns 45,211 shares in the company, valued at approximately $905,576. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
WCI Communities (NASDAQ:WCIC) traded down 0.05% during mid-day trading on Thursday, hitting $19.94. The stock had a trading volume of 77,012 shares. WCI Communities has a 52 week low of $14.50 and a 52 week high of $21.28. The stock has a 50-day moving average of $18.46 and a 200-day moving average of $19.15. The company has a market cap of $517.9 million and a P/E ratio of 4.15.
WCI Communities (NASDAQ:WCIC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.45 earnings per share. WCI Communities’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that WCI Communities will post $0.77 earnings per share for the current fiscal year.
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 issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average 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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