UBS Asset Management Americas Inc. increased its holdings in shares of CalAtlantic Group Inc (NYSE:CAA) by 32.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,733 shares of the industrial goods maker’s stock after acquiring an additional 20,653 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of CalAtlantic Group worth $4,778,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in CalAtlantic Group during the 4th quarter worth approximately $123,000. Cerebellum GP LLC bought a new stake in CalAtlantic Group during the 4th quarter worth approximately $126,000. Quantitative Systematic Strategies LLC bought a new stake in CalAtlantic Group during the 4th quarter worth approximately $209,000. CIBC Asset Management Inc bought a new stake in CalAtlantic Group during the 4th quarter worth approximately $218,000. Finally, Doyle Wealth Management bought a new stake in CalAtlantic Group during the 4th quarter worth approximately $226,000. Institutional investors and hedge funds own 92.36% of the company’s stock.
CalAtlantic Group Inc (NYSE:CAA) traded up $0.41 during trading hours on Tuesday, reaching $53.12. The company’s stock had a trading volume of 17,976,299 shares, compared to its average volume of 2,215,714. CalAtlantic Group Inc has a 12-month low of $33.56 and a 12-month high of $64.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. The firm has a market cap of $6,170.00 and a P/E ratio of 15.76.
A number of research firms recently commented on CAA. Credit Suisse Group restated a “neutral” rating and set a $63.00 price target (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. Wedbush increased their price target on CalAtlantic Group from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, December 29th. UBS increased their price target on CalAtlantic Group from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. ValuEngine upgraded CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, January 9th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $55.22.
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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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