Wedbush Reaffirms $53.00 Target On CalAtlantic Group (CAA), Reaffirms Neutral Rating; Discovery Capital Management Has Boosted Its Facebook (FB) Stake

Discovery Capital Management Llc increased Facebook Inc (FB) stake by 13.23% reported in 2017Q3 SEC filing. Discovery Capital Management Llc acquired 56,500 shares as Facebook Inc (FB)’s stock rose 10.88%. The Discovery Capital Management Llc holds 483,600 shares with $82.63 million value, up from 427,100 last quarter. Facebook Inc now has $512.76 billion valuation. The stock decreased 0.82% or $1.46 during the last trading session, reaching $176.46. About 10.26 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since December 31, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

Among 12 analysts covering CalAtlantic Group (NYSE:CAA), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. CalAtlantic Group has $48.50 highest and $32 lowest target. $39.89’s average target is -29.26% below currents $56.39 stock price. CalAtlantic Group had 21 analyst reports since October 6, 2015 according to SRatingsIntel. Credit Suisse initiated CalAtlantic Group, Inc. (NYSE:CAA) rating on Friday, June 23. Credit Suisse has “Underperform” rating and $32 target. Raymond James upgraded the stock to “Outperform” rating in Friday, May 13 report. As per Tuesday, September 20, the company rating was initiated by Wedbush. On Monday, February 22 the stock rating was maintained by M Partners with “Neutral”. The company was upgraded on Tuesday, December 15 by Credit Suisse. Bank of America upgraded the stock to “Buy” rating in Friday, August 12 report. On Tuesday, October 13 the stock rating was initiated by Barclays Capital with “Equal-Weight”. The stock of CalAtlantic Group, Inc. (NYSE:CAA) has “Outperform” rating given on Monday, May 1 by RBC Capital Markets. The stock of CalAtlantic Group, Inc. (NYSE:CAA) has “Outperform” rating given on Monday, February 8 by Credit Suisse. On Wednesday, October 21 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”.

CalAtlantic Group, Inc. builds single-family attached and detached homes in the United States. The company has market cap of $6.22 billion. It operates through Homebuilding and Financial Services divisions. It has a 16.51 P/E ratio. As of August 13, 2017, the firm provided crafted homes from entry level to luxury in approximately 43 metropolitan statistical areas spanning 19 states.

The stock decreased 1.04% or $0.59 during the last trading session, reaching $56.39. About 2.19M shares traded or 9.27% up from the average. CalAtlantic Group, Inc. (NYSE:CAA) has risen 9.92% since December 31, 2016 and is uptrending. It has underperformed by 6.78% the S&P500.

Analysts await CalAtlantic Group, Inc. (NYSE:CAA) to report earnings on February, 14. They expect $1.31 earnings per share, up 3.97% or $0.05 from last year’s $1.26 per share. CAA’s profit will be $144.54M for 10.76 P/E if the $1.31 EPS becomes a reality. After $0.75 actual earnings per share reported by CalAtlantic Group, Inc. for the previous quarter, Wall Street now forecasts 74.67% EPS growth.

Since August 7, 2017, it had 0 buys, and 38 selling transactions for $950.72 million activity. Stretch Colin sold $127,573 worth of stock. Schroepfer Michael Todd sold $6.53 million worth of stock. Shares for $21.25 million were sold by Zuckerberg Mark on Friday, December 8. $2.59M worth of Facebook, Inc. (NASDAQ:FB) was sold by Wehner David M. on Monday, August 21. Koum Jan also sold $109.70M worth of Facebook, Inc. (NASDAQ:FB) on Wednesday, August 30. Another trade for 16,000 shares valued at $2.72 million was sold by Cox Christopher K. 4,699 shares valued at $806,019 were sold by FISCHER DAVID B. on Thursday, October 26.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 211 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Monday, October 16 report. On Tuesday, June 20 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The firm earned “Buy” rating on Monday, July 17 by M Partners. The stock of Facebook, Inc. (NASDAQ:FB) earned “Outperform” rating by RBC Capital Markets on Thursday, November 3. The stock of Facebook, Inc. (NASDAQ:FB) has “Market Outperform” rating given on Thursday, November 3 by JMP Securities. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, November 5 by Monness Crespi & Hardt. The firm earned “Outperform” rating on Thursday, November 5 by Oppenheimer. The rating was maintained by JMP Securities on Thursday, April 28 with “Market Outperform”. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, November 2 by Deutsche Bank. Cowen & Co maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, July 27. Cowen & Co has “Buy” rating and $19500 target.

Discovery Capital Management Llc decreased Wisdomtree Tr (EPI) stake by 305,200 shares to 3.59M valued at $90.40 million in 2017Q3. It also reduced Esperion Therapeutics Ord (NASDAQ:ESPR) stake by 182,000 shares and now owns 783,059 shares. Xilinx Inc (NASDAQ:XLNX) was reduced too.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It worsened, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Albion Financial Grp Ut owns 86,148 shares for 2.25% of their portfolio. Autus Asset Management owns 0.05% invested in Facebook, Inc. (NASDAQ:FB) for 1,460 shares. Ohio-based Park National Corp Oh has invested 0.05% in Facebook, Inc. (NASDAQ:FB). Grassi Invest Mgmt owns 32,379 shares for 0.93% of their portfolio. First Corp In, Indiana-based fund reported 2,551 shares. Spc Fincl Inc accumulated 5,371 shares or 0.23% of the stock. Bw Gestao De Investimentos Ltda invested 1.2% of its portfolio in Facebook, Inc. (NASDAQ:FB). Moors & Cabot, Massachusetts-based fund reported 20,947 shares. Cypress Mngmt Ltd Llc (Wy) holds 0.26% or 1,300 shares in its portfolio. Pennsylvania-based Marathon Trading Investment Management Ltd Liability Corporation has invested 1.12% in Facebook, Inc. (NASDAQ:FB). Lederer & Assocs Invest Counsel Ca holds 22,819 shares or 3.72% of its portfolio. Obermeyer Wood Invest Counsel Lllp has 0.02% invested in Facebook, Inc. (NASDAQ:FB). 92,960 were accumulated by Richard Bernstein Advisors Ltd Llc. Carret Asset Mngmt Ltd reported 35,958 shares. Light Street Cap Mngmt Llc holds 6.63% or 475,000 shares in its portfolio.

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