The stock of UCP Inc (NYSE:UCP) hit a new 52-week high and has $11.93 target or 8.00% above today’s $11.05 share price. The 5 months bullish chart indicates low risk for the $87.82 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $11.93 price target is reached, the company will be worth $7.03 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. The stock increased 0.45% or $0.05 during the last trading session, hitting $11.05. About 47,146 shares traded hands or 29.57% up from the average. UCP Inc (NYSE:UCP) has risen 52.35% since April 25, 2016 and is uptrending. It has outperformed by 46.34% the S&P500.
Analysts await UCP Inc (NYSE:UCP) to report earnings on March, 13. They expect $0.16 EPS, down 60.00% or $0.24 from last year’s $0.4 per share. UCP’s profit will be $1.27 million for 17.27 P/E if the $0.16 EPS becomes a reality. After $0.25 actual EPS reported by UCP Inc for the previous quarter, Wall Street now forecasts -36.00% negative EPS growth.
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 fall, 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.
Penn Mngmt has 0.09% invested in the company for 189,021 shares. First Manhattan reported 10,000 shares or 0% of all its holdings. Bridgeway Capital Mngmt has 27,200 shares for 0% of their US portfolio. First Securities Limited Liability Company Ny holds 0% of its portfolio in UCP Inc (NYSE:UCP) for 500 shares. Tower Research Cap Limited Liability Company (Trc), a New York-based fund reported 2,705 shares. Nationwide Fund Advsrs accumulated 0% or 6,600 shares. Walleye Trading reported 900 shares or 0% of all its holdings. Dimensional Fund Advsr Limited Partnership last reported 136,873 shares in the company. The California-based Blackrock Institutional Na has invested 0% in UCP Inc (NYSE:UCP). Blackrock Limited Com, a Delaware-based fund reported 2,052 shares. State Of New Jersey Common Pension Fund D owns 63,534 shares or 0% of their US portfolio. Panagora Asset has invested 0% of its portfolio in UCP Inc (NYSE:UCP). Putnam Investments Lc has 0.02% invested in the company for 830,280 shares. Bank & Trust Of America De accumulated 0% or 153 shares. Commercial Bank Of Ny Mellon has invested 0% of its portfolio in UCP Inc (NYSE:UCP).
More news for UCP Inc (NYSE:UCP) were recently published by: Moodys.com, which released: “Moody’s withdraws all ratings of UCP, Inc. and UCP, LLC” on October 28, 2016. Seekingalpha.com‘s article titled: “UCP, Inc. Finally Falls Closer To Fair Value. Ownership Structure Still A Concern” and published on November 22, 2014 is yet another important article.
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