Price Action To Observe: A Reversal for UCP Inc Is Not Near. The Stock Reaches 52-Week High Today

Price Action To Observe: A Reversal for UCP Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of UCP Inc (NYSE:UCP) hit a new 52-week high and has $26.38 target or 150.00% above today’s $10.55 share price. The 7 months bullish chart indicates low risk for the $84.27M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $26.38 price target is reached, the company will be worth $126.41 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 33,177 shares traded hands. UCP Inc (NYSE:UCP) has risen 33.76% since April 19, 2016 and is uptrending. It has outperformed by 29.90% the S&P500.

According to Zacks Investment Research, “UCP Inc. operates as a homebuilder and land developer. It operates primarily in Northern California and the Puget Sound area of Washington State. The Company builds and markets a diverse offering of single-family homes through its wholly-owned subsidiary, Benchmark Communities. UCP Inc. is based in San Jose, California.”

Insitutional Activity: The institutional sentiment decreased to 1.27 in 2016 Q2. Its down 0.80, from 2.07 in 2016Q1. The ratio dropped, as 6 funds sold all UCP Inc shares owned while 8 reduced positions. 15 funds bought stakes while 14 increased positions. They now own 6.29 million shares or 1.05% less from 6.36 million shares in 2016Q1.
First Manhattan Co has 10,000 shares for 0% of their US portfolio. The New York-based Fincl Bank Of Mellon Corporation has invested 0% in UCP Inc (NYSE:UCP). Royal Financial Bank Of Canada holds 0% or 44,323 shares in its portfolio. First Foundation Advsrs, a California-based fund reported 159,422 shares. Nationwide Fund Advisors accumulated 6,600 shares or 0% of the stock. Deutsche National Bank Ag last reported 4,546 shares in the company. Spark Invest Mngmt Limited Liability Corporation owns 28,300 shares or 0.02% of their US portfolio. River Road Asset Mngmt Limited Liability Corporation accumulated 0.13% or 761,444 shares. Vanguard Grp Inc Inc holds 0% of its portfolio in UCP Inc (NYSE:UCP) for 316,889 shares. Kazazian Asset Management Lc last reported 0.52% of its portfolio in the stock. Barclays Pcl has 0% invested in the company for 1,300 shares. Bridgeway Cap has 27,200 shares for 0% of their US portfolio. Moreover, Citigroup Incorporated has 0% invested in UCP Inc (NYSE:UCP) for 8,433 shares. Blackrock Mngmt Ltd Liability Corp owns 31,685 shares or 0% of their US portfolio. Tower Cap Ltd Liability Com (Trc) has 0% invested in the company for 2,705 shares.

More notable recent UCP Inc (NYSE:UCP) news were published by: Moodys.com which released: “Moody’s withdraws all ratings of UCP, Inc. and UCP, LLC” on October 28, 2016, also Nasdaq.com with their article: “UCP, Inc. Reports 21% Drop In Q3 Earnings” published on October 31, 2016, Seekingalpha.com published: “UCP, Inc. Finally Falls Closer To Fair Value. Ownership Structure Still A Concern” on November 22, 2014. More interesting news about UCP Inc (NYSE:UCP) were released by: Businesswire.com and their article: “UCP Announces Proposed Offering of Senior Notes Due 2021” published on October 14, 2016 as well as Businesswire.com‘s news article titled: “UCP, Inc. to Enter High-Growth Southeast Markets with Purchase of Citizens Homes” with publication date: March 26, 2014.

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