HAP Trading LLC Has $5.16 Million Stake in CalAtlantic Group Inc (CAA)

HAP Trading LLC grew its position in CalAtlantic Group Inc (NYSE:CAA) by 65.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,436 shares of the industrial goods maker’s stock after buying an additional 36,215 shares during the period. HAP Trading LLC’s holdings in CalAtlantic Group were worth $5,156,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CAA. Donald Smith & CO. Inc. purchased a new stake in shares of CalAtlantic Group in the 3rd quarter valued at approximately $64,178,000. Alpine Associates Management Inc. purchased a new position in shares of CalAtlantic Group during the 4th quarter worth approximately $53,417,000. JPMorgan Chase & Co. boosted its position in shares of CalAtlantic Group by 283.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,189,005 shares of the industrial goods maker’s stock worth $43,054,000 after purchasing an additional 879,180 shares during the period. P Schoenfeld Asset Management LP purchased a new position in shares of CalAtlantic Group during the 4th quarter worth approximately $21,208,000. Finally, BlackRock Inc. boosted its position in shares of CalAtlantic Group by 5.0% during the 4th quarter. BlackRock Inc. now owns 7,744,055 shares of the industrial goods maker’s stock worth $436,687,000 after purchasing an additional 370,650 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on CAA shares. Mizuho cut shares of CalAtlantic Group from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Monday, November 13th. Deutsche Bank cut shares of CalAtlantic Group from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research report on Monday, November 20th. JMP Securities cut shares of CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research report on Monday, October 30th. UBS Group started coverage on shares of CalAtlantic Group in a research report on Wednesday, October 25th. They set a “neutral” rating and a $42.00 price objective for the company. Finally, Wedbush cut shares of CalAtlantic Group from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $41.00 to $51.00 in a research report on Tuesday, October 31st. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $55.22.

In other CalAtlantic Group news, CFO Jeffrey Joseph Mccall sold 65,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $55.27, for a total transaction of $3,592,550.00. Following the sale, the chief financial officer now directly owns 178,519 shares in the company, valued at approximately $9,866,745.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. 39.50% of the stock is owned by corporate insiders.

Shares of CalAtlantic Group Inc (NYSE:CAA) opened at $53.12 on Monday. The stock has a market cap of $6,170.00 and a P/E ratio of 15.76. CalAtlantic Group Inc has a fifty-two week low of $33.56 and a fifty-two week high of $64.60. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80.

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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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Institutional Ownership by Quarter for CalAtlantic Group (NYSE:CAA)

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