Is Calatlantic Group Incorporated (NYSE:CAA)’s Fuel Running High? Reports Show Less Sellers

September 17, 2017 - By Adrian Erickson

 Is Calatlantic Group Incorporated (NYSE:CAA)’s Fuel Running High? Reports Show Less Sellers

The stock of Calatlantic Group Incorporated (NYSE:CAA) registered a decrease of 0.96% in short interest. CAA’s total short interest was 8.97M shares in September as published by FINRA. Its down 0.96% from 9.06M shares, reported previously. With 918,300 shares average volume, it will take short sellers 10 days to cover their CAA’s short positions.

The stock decreased 0.82% or $0.29 on September 15, reaching $34.95. About 1.61 million shares traded or 91.91% up from the average. CalAtlantic Group Inc (NYSE:CAA) has risen 9.92% since September 17, 2016 and is uptrending. It has underperformed by 6.78% the S&P500.

CalAtlantic Group, Inc. is a diversified builder of single-family attached and detached homes. The company has market cap of $3.85 billion. The Firm operates through two divisions: homebuilding and financial services. It has a 9.72 P/E ratio. The 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

Among 12 analysts covering CalAtlantic Group (NYSE:CAA), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. CalAtlantic Group had 19 analyst reports since October 6, 2015 according to SRatingsIntel. The rating was upgraded by Raymond James to “Outperform” on Friday, May 13. Barclays Capital upgraded it to “Overweight” rating and $38 target in Wednesday, January 20 report. The stock has “Underperform” rating by Credit Suisse on Friday, June 23. M Partners maintained CalAtlantic Group Inc (NYSE:CAA) rating on Monday, February 22. M Partners has “Neutral” rating and $34 target. Compass Point upgraded CalAtlantic Group Inc (NYSE:CAA) rating on Monday, October 19. Compass Point has “Buy” rating and $48.50 target. JMP Securities upgraded the shares of CAA in report on Friday, July 21 to “Mkt Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, May 1. The company was initiated on Wednesday, October 21 by KeyBanc Capital Markets. Credit Suisse maintained CalAtlantic Group Inc (NYSE:CAA) rating on Monday, February 8. Credit Suisse has “Outperform” rating and $40 target. The rating was upgraded by Credit Suisse on Tuesday, December 15 to “Outperform”.

Another recent and important CalAtlantic Group Inc (NYSE:CAA) news was published by Nasdaq.com which published an article titled: “CalAtlantic Group, Inc. (CAA) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017.

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