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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Apr. 17, 11:21 PM

Slide #13. WCI Communities, Inc. Secondary Offering

Company: WCI Communities, Inc. (NYSE:WCIC)
Date announced: 4/13/2015
Shares Offered: 3,250,000
Date of Pricing: 4/15/2015
Price Per Share: $22.75
Secondary Offering Details: WCI Communities, Inc. (NYSE:WCIC) (the "Company") today announced that, subject to market conditions, entities affiliated with Monarch Alternative Capital LP (the "Monarch selling stockholders") and Stonehill Institutional Partners, L.P. (the "Stonehill selling stockholder" and, collectively with the Monarch selling stockholders, the "selling stockholders") intend to offer 3,250,000 shares of the Company's common stock in a registered public offering. In connection with the offering, the selling stockholders will grant the underwriters a 30-day option to purchase up to an additional 487,500 shares of common stock. The shares will be sold on a pro rata basis as between the Monarch selling stockholders and the Stonehill selling stockholder in accordance with their current ownership percentages. The Company will not sell any shares in this offering or receive any portion of the proceeds from this offering.

WCI Communities is a lifestyle community developer and homebuilder of single-and multi-family homes. Co. has three operating segments: Homebuilding, Real Estate Services and Amenities. Co.'s Homebuilding segment designs, sells and builds homes across a range of price points and sizes, from about $160,000 to more than $1,200,000, and from approximately 1,200 square feet (sq. ft.) to 4,400 sq. ft. Through its Real Estate Services segment, Co. operates a full-service real estate brokerage business under the Berkshire Hathaway HomeServices brand. Co.'s Amenities segment owns and/or operates resort-style club and fitness facilities, championship golf courses, country clubs and marinas.
Open the WCIC Page at The Online Investor »

Company Name:  WCI Communities Inc
Website:  www.wcicommunities.com
Sector:  General Contractors & Builders
Number of ETFs Holding WCIC:  16
Total Market Value Held by ETFs:  $11.55M
Total Market Capitalization:  $603.00M
% of Market Cap. Held by ETFs:  1.91%
 

Open the WCIC Page at The Online Investor (in a new window) »

April 17, 2015    11:21 PM Eastern
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Strong Buy (3.50 out of 4)
71st percentile
(ranked higher than approx. 71% of all stocks covered)
Based on Zacks ABR data;
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