Zacks Investment Research upgraded shares of UCP Inc. (NYSE:UCP) from a sell rating to a hold rating in a research report released on Tuesday.
According to Zacks, “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. “
UCP (NYSE:UCP) opened at 11.85 on Tuesday. The firm has a market cap of $93.75 million, a price-to-earnings ratio of 17.79 and a beta of 1.44. UCP has a one year low of $5.22 and a one year high of $12.75. The stock’s 50 day moving average price is $11.53 and its 200-day moving average price is $9.43.
UCP (NYSE:UCP) last posted its earnings results on Monday, October 31st. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $93.70 million for the quarter, compared to analyst estimates of $83.52 million. UCP had a return on equity of 2.79% and a net margin of 1.51%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Analysts forecast that UCP will post $0.35 earnings per share for the current year.
In other news, major shareholder Buckingham Capital Management sold 44,208 shares of the business’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $12.02, for a total value of $531,380.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 57.04% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. bought a new stake in UCP during the second quarter valued at about $104,000. California State Teachers Retirement System bought a new stake in UCP during the second quarter valued at about $136,000. Spark Investment Management LLC raised its stake in UCP by 2.5% in the third quarter. Spark Investment Management LLC now owns 29,000 shares of the company’s stock valued at $255,000 after buying an additional 700 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in UCP by 7.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 68,641 shares of the company’s stock valued at $605,000 after buying an additional 4,536 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in UCP by 127.8% in the second quarter. Bank of New York Mellon Corp now owns 23,393 shares of the company’s stock valued at $188,000 after buying an additional 13,122 shares during the last quarter. Institutional investors own 79.12% of the company’s stock.
UCP, Inc is a homebuilder and land developer with a focus on residential land acquisition, development and entitlement, as well as home design, construction and sales. The Company operates in two segments: homebuilding and land development. The homebuilding and land segments include two geographic regions: West and Southeast.
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