CalAtlantic Group Inc Draws Bearish Options Activity Today

 CalAtlantic Group Inc Draws Bearish Options Activity Today

In today’s session CalAtlantic Group Inc (CAA) recorded an unusually high (278) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CAA decrease. With 278 contracts traded and 2034 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CAA161216P00032000 closed last at: $0.45 or 12.5% up. About 187,202 shares traded hands. CalAtlantic Group Inc (NYSE:CAA) has declined 1.64% since April 27, 2016 and is downtrending. It has underperformed by 6.86% the S&P500.

Analysts await CalAtlantic Group Inc (NYSE:CAA) to report earnings on February, 16. They expect $1.08 earnings per share, up 3.85% or $0.04 from last year’s $1.04 per share. CAA’s profit will be $126.64M for 7.78 P/E if the $1.08 EPS becomes a reality. After $0.97 actual earnings per share reported by CalAtlantic Group Inc for the previous quarter, Wall Street now forecasts 11.34% EPS growth.

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. $48.50 is the highest target while $32 is the lowest. The $40.50 average target is 20.54% above today’s ($33.6) stock price. CalAtlantic Group has been the topic of 16 analyst reports since October 6, 2015 according to StockzIntelligence Inc. Barclays Capital initiated the stock with “Equal-Weight” rating in Tuesday, October 13 report. The firm has “Neutral” rating given on Tuesday, October 6 by Credit Suisse. The firm earned “Outperform” rating on Tuesday, September 20 by Wedbush. The rating was maintained by M Partners on Monday, February 22 with “Neutral”. UBS maintained CalAtlantic Group Inc (NYSE:CAA) on Friday, July 29 with “Neutral” rating. The firm earned “Outperform” rating on Tuesday, December 15 by Credit Suisse. Barclays Capital upgraded CalAtlantic Group Inc (NYSE:CAA) rating on Wednesday, January 20. Barclays Capital has “Overweight” rating and $38 price target. Credit Suisse maintained the shares of CAA in a report on Monday, February 8 with “Outperform” rating. FBR Capital maintained CalAtlantic Group Inc (NYSE:CAA) on Monday, February 22 with “Mkt Perform” rating. The firm has “Sector Weight” rating given on Wednesday, October 21 by KeyBanc Capital Markets.

According to Zacks Investment Research, “CalAtlantic Group, Inc. operates as a homebuilder. The company offers crafted homes. It also provides mortgage financing services to its homebuyers; and title examination services. Calatlantic Group Inc., formerly known as Standard Pacific Corp., is headquartered in Irvine, California.”

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 $3.94 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.

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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