Shares of WCI Communities Inc. (NYSE:WCIC) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.19.

A number of analysts recently issued reports on WCIC shares. TheStreet upgraded shares of WCI Communities from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Raymond James Financial Inc. restated a “market perform” rating on shares of WCI Communities in a research note on Monday, October 31st. Wedbush started coverage on shares of WCI Communities in a research note on Monday, September 19th. They issued a “neutral” rating and a $21.00 price target for the company. JMP Securities started coverage on shares of WCI Communities in a research note on Wednesday, August 31st. They issued an “outperform” rating and a $18.77 price target for the company. Finally, Zacks Investment Research lowered shares of WCI Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd.

Shares of WCI Communities (NYSE:WCIC) opened at 23.30 on Tuesday. WCI Communities has a 1-year low of $15.41 and a 1-year high of $24.97. The stock has a 50 day moving average of $23.30 and a 200 day moving average of $19.33. The firm has a market cap of $613.63 million, a PE ratio of 17.92 and a beta of 1.44.

A number of hedge funds have recently added to or reduced their stakes in the stock. Lombard Odier Asset Management USA Corp purchased a new position in WCI Communities during the third quarter valued at approximately $2,372,000. Highbridge Capital Management LLC purchased a new position in WCI Communities during the third quarter valued at approximately $7,386,000. The Manufacturers Life Insurance Company purchased a new position in WCI Communities during the third quarter valued at approximately $370,000. Perkins Investment Management LLC raised its position in WCI Communities by 60.7% in the third quarter. Perkins Investment Management LLC now owns 1,031,932 shares of the company’s stock valued at $24,477,000 after buying an additional 389,889 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in WCI Communities during the third quarter valued at approximately $1,748,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

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About WCI Communities

WCI Communities, Inc is a holding company. The Company is a lifestyle community developer and luxury homebuilder of single- and multi-family homes, including luxury high-rise tower units, in coastal Florida’s markets. The Company’s segments include Homebuilding, Real Estate Services and Amenities. The Homebuilding segment designs, sells and builds single- and multi-family homes and tower units.

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