Short Interest Change: Is Buying Wci Communities Incorporated (NYSE:WCIC) Here Good Idea?

November 21, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Change: Is Buying Wci Communities Incorporated (NYSE:WCIC) Here Good Idea?

The stock of Wci Communities Incorporated (NYSE:WCIC) registered an increase of 48.45% in short interest. WCIC’s total short interest was 1.40 million shares in November as published by FINRA. Its up 48.45% from 941,500 shares, reported previously. With 487,400 shares average volume, it will take short sellers 3 days to cover their WCIC’s short positions. The short interest to Wci Communities Incorporated’s float is 6.54%. About 59,903 shares traded hands. WCI Communities Inc (NYSE:WCIC) has risen 28.37% since April 19, 2016 and is uptrending. It has outperformed by 24.51% the S&P500.

WCI Communities, Inc. is a holding company. The company has a market cap of $612.33 million. The Firm is a lifestyle community developer and luxury homebuilder of single- and multi-family homes, including luxury high-rise tower units, in coastal Florida’s markets. It has a 17.92 P/E ratio. The Company’s divisions include Homebuilding, Real Estate Services and Amenities.

Insitutional Activity: The institutional sentiment decreased to 1.56 in 2016 Q2. Its down 0.19, from 1.75 in 2016Q1. The ratio dived, as 9 funds sold all WCI Communities Inc shares owned while 23 reduced positions. 10 funds bought stakes while 46 increased positions. They now own 25.07 million shares or 2.13% more from 24.54 million shares in 2016Q1.
Exane Derivatives holds 0% or 1 shares in its portfolio. Blackrock has invested 0% of its portfolio in WCI Communities Inc (NYSE:WCIC). Creative Planning, a Kansas-based fund reported 335 shares. Tower Capital Limited Co (Trc) last reported 0% of its portfolio in the stock. Amer Intll Group Inc Incorporated reported 12,468 shares or 0% of all its holdings. Allianz Asset Mgmt Ag owns 105,382 shares or 0% of their US portfolio. The United Kingdom-based Blackrock Gp Limited has invested 0% in WCI Communities Inc (NYSE:WCIC). Us Bank & Trust De holds 0% or 16,200 shares in its portfolio. Teachers has 0% invested in the company for 35,410 shares. Citadel Advsrs Llc last reported 0% of its portfolio in the stock. Schwab Charles Management Inc accumulated 0% or 72,321 shares. Commercial Bank Of Montreal Can accumulated 687,565 shares or 0.01% of the stock. The Ohio-based Fsi Grp Limited Liability Corporation has invested 0.85% in WCI Communities Inc (NYSE:WCIC). Moreover, Foundry Partners Limited Liability has 0.2% invested in WCI Communities Inc (NYSE:WCIC) for 204,730 shares. Greenwood Cap Associate Limited Company, a South Carolina-based fund reported 17,061 shares.

WCI Communities Inc (NYSE:WCIC) Ratings Coverage

Out of 8 analysts covering WCI Communities (NYSE:WCIC), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. WCI Communities has been the topic of 11 analyst reports since September 9, 2015 according to StockzIntelligence Inc. Raymond James downgraded the shares of WCIC in a report on Monday, October 31 to “Mkt Perform” rating. Sidoti initiated the stock with “Buy” rating in Friday, May 20 report. The firm has “Outperform” rating by FBR Capital given on Thursday, February 18. The stock has “Neutral” rating given by Wedbush on Tuesday, September 20. The rating was downgraded by Sterne Agee CRT on Wednesday, September 9 to “Neutral”. FBR Capital maintained the shares of WCIC in a report on Thursday, April 28 with “Outperform” rating. On Thursday, April 28 the stock rating was downgraded by Raymond James to “Outperform”. The firm earned “Underweight” rating on Friday, September 11 by JP Morgan. The stock of WCI Communities Inc (NYSE:WCIC) has “Neutral” rating given on Wednesday, January 13 by JP Morgan. The rating was initiated by JMP Securities with “Mkt Outperform” on Wednesday, August 31.

WCIC Company Profile

WCI Communities, Inc., incorporated on June 29, 2009, is a holding company. The Firm is a lifestyle community developer and luxury homebuilder of single- and multi-family homes, including luxury high-rise tower units, in coastal Florida’s markets. The Company’s divisions include Homebuilding, Real Estate Services and Amenities. The Firm owns or controls approximately 13,300 home sites, of which approximately 7,900 are owned and 5,400 are controlled by the Company.

More notable recent WCI Communities Inc (NYSE:WCIC) news were published by: Prnewswire.com which released: “WCI Communities Announces Expiration of “Go-Shop” Period Under Merger Agreement” on October 27, 2016, also Prnewswire.com with their article: “WCI Communities Announces 2016 Third Quarter Results” published on November 01, 2016, Fool.com published: “WCI Communities Inc’s Stock Spikes After Lennar Corporation Acquisition …” on September 22, 2016. More interesting news about WCI Communities Inc (NYSE:WCIC) were released by: Marketwatch.com and their article: “WCI Communities upgraded to neutral from underweight at JP Morgan” published on July 25, 2013 as well as Prnewswire.com‘s news article titled: “Residents for a Better Community, Inc Files Suit Against WCI Communities, Inc.” with publication date: February 24, 2016.

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By Pete Kolinski


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