Insider Selling: Reinaldo L. Mesa Unloads 1,492 Shares of WCI Communities Stock (WCIC)
WCI Communities (NASDAQ:WCIC) Insider Reinaldo L. Mesa unloaded 1,492 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $20.00, for a total transaction of $29,840.00. Following the completion of the sale, the insider now directly owns 43,719 shares of the company’s stock, valued at approximately $874,380. The sale was disclosed in a legal filing with the SEC, which is available at this link.
WCIC has been the subject of a number of recent research reports. 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 stock currently has a consensus rating of “Buy” and a consensus target price of $21.47.
WCI Communities (NASDAQ:WCIC) traded down 4.92% during mid-day trading on Wednesday, hitting $18.95. The stock had a trading volume of 72,188 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 $18.58 and its 200-day moving average is $19.17. The company has a market cap of $492.2 million and a P/E ratio of 4.14.
WCI Communities (NASDAQ:WCIC) last posted its quarterly earnings results 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. Analysts expect that WCI Communities will post $0.77 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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