OppenheimerFunds Inc. lowered its position in CalAtlantic Group Inc (NYSE:CAA) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 954,004 shares of the industrial goods maker’s stock after selling 954,500 shares during the quarter. OppenheimerFunds Inc. owned about 0.82% of CalAtlantic Group worth $53,796,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in CAA. Donald Smith & CO. Inc. bought a new position in shares of CalAtlantic Group in the third quarter worth $64,178,000. Alpine Associates Management Inc. purchased a new position in CalAtlantic Group in the fourth quarter worth $53,417,000. JPMorgan Chase & Co. grew its position in CalAtlantic Group by 283.8% in the third quarter. JPMorgan Chase & Co. now owns 1,189,005 shares of the industrial goods maker’s stock worth $43,054,000 after acquiring an additional 879,180 shares in the last quarter. P Schoenfeld Asset Management LP purchased a new position in CalAtlantic Group in the fourth quarter worth $21,208,000. Finally, BlackRock Inc. grew its position in CalAtlantic Group by 5.0% in the fourth quarter. BlackRock Inc. now owns 7,744,055 shares of the industrial goods maker’s stock worth $436,687,000 after acquiring an additional 370,650 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. CalAtlantic Group Inc has a 12-month low of $33.56 and a 12-month high of $64.60. The stock has a market cap of $6,170.00 and a PE ratio of 15.76.
Several research analysts recently issued reports on CAA shares. Deutsche Bank lowered shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a research report on Monday, November 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $63.00 target price (up from $51.00) on shares of CalAtlantic Group in a research report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $64.00 target price on shares of CalAtlantic Group and gave the stock a “hold” rating in a research report on Thursday, January 18th. ValuEngine upgraded shares of CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Wedbush upped their target price on shares of CalAtlantic Group from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, December 29th. Thirteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $55.22.
About CalAtlantic Group
CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.
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