Today’s Stock On Watch: It Seems Calatlantic Group Incorporated (NYSE:CAA) Will Go Up. Just Reported Less Shorted Shares

November 28, 2016 - By kentuckypostne   ·   0 Comments

Today's Stock On Watch: It Seems Calatlantic Group Incorporated (NYSE:CAA) Will Go Up. Just Reported Less Shorted Shares

The stock of Calatlantic Group Incorporated (NYSE:CAA) registered a decrease of 4.15% in short interest. CAA’s total short interest was 11.42M shares in November as published by FINRA. Its down 4.15% from 11.92 million shares, reported previously. With 1.83 million shares average volume, it will take short sellers 6 days to cover their CAA’s short positions. The short interest to Calatlantic Group Incorporated’s float is 15.42%. About 358,655 shares traded hands. CalAtlantic Group Inc (NYSE:CAA) has risen 0.47% since April 25, 2016 and is uptrending. It has underperformed by 5.54% the S&P500.

CalAtlantic Group, Inc., formerly Standard Pacific Corp., is a diversified builder of single-family attached and detached homes. The company has a market cap of $3.91 billion. The Firm operates through two divisions: homebuilding and financial services. It has a 11.57 P/E ratio. The Company’s homebuilding segment activities include acquiring and developing land, and constructing and selling single-family attached and detached homes.

CalAtlantic Group Inc (NYSE:CAA) Ratings Coverage

Out of 10 analysts covering CalAtlantic Group (NYSE:CAA), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. CalAtlantic Group has been the topic of 16 analyst reports since October 6, 2015 according to StockzIntelligence Inc. As per Monday, February 22, the company rating was maintained by M Partners. The stock of CalAtlantic Group Inc (NYSE:CAA) earned “Neutral” rating by UBS on Friday, July 29. The stock has “Outperform” rating given by Wedbush on Tuesday, September 20. The firm has “Neutral” rating given on Tuesday, October 6 by Credit Suisse. The stock of CalAtlantic Group Inc (NYSE:CAA) has “Equal-Weight” rating given on Tuesday, October 13 by Barclays Capital. The firm has “Outperform” rating by Raymond James given on Friday, May 13. The firm has “Buy” rating given on Friday, August 12 by Bank of America. Compass Point upgraded the shares of CAA in a report on Monday, October 19 to “Buy” rating. The stock of CalAtlantic Group Inc (NYSE:CAA) has “Overweight” rating given on Wednesday, January 20 by Barclays Capital. The stock of CalAtlantic Group Inc (NYSE:CAA) has “Outperform” rating given on Monday, February 8 by Credit Suisse.

CAA Company Profile

CalAtlantic Group, Inc., formerly Standard Pacific Corp., incorporated on August 14, 1991, is a diversified builder of single-family attached and detached homes. The Firm operates through two divisions: homebuilding and financial services. It manufactures homes in communities that meet the desires of clients across the homebuilding spectrum, from entry level to luxury, in over 40 metropolitan statistical areas spanning approximately 20 states and the District of Columbia. The Firm also provides mortgage, title and escrow services.

More recent CalAtlantic Group Inc (NYSE:CAA) news were published by: Prnewswire.com which released: “CalAtlantic Group, Inc. Presentation At The UBS Building & Building Products …” on November 07, 2016. Also Prnewswire.com published the news titled: “CalAtlantic Debuts Three Communities, 11 Model Homes In Tracy, CA” on November 17, 2016. Prnewswire.com‘s news article titled: “CalAtlantic Homes Celebrates the Season with $25000 Donation to Marine Toys …” with publication date: November 09, 2016 was also an interesting one.

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