reports
UCP Stockholders Approve Planned Business Combination with Century Com...
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc., (NYSE:UCP) (“UCP”) today announced that its stockholders have voted to approve the previously announced merger with Century Communities, Inc. (NYSE: “CCS”) (“Century”). At the special meeting to consider the merger, approximately 14,942,673 million votes were cast in favor of the merger, representing over 94% of the votes cast and over 81% of the outstanding voting power of UCP as of the June 9, 2017 record date. The final vote results will be filed on a Form 8-K with the Securities and E...
Benchmark Communities to Open New Home Community, Cerrato, in Holliste...
SAN JOSE, Calif.--(BUSINESS WIRE)-- Benchmark Communities (“Benchmark”), a leading national homebuilder known for its award-winning approach to customer service, today announced it will be expanding its presence in one of the fastest growing towns in California with the opening of its new home community, Cerrato, in Hollister. Cerrato is Benchmark’s sixth community in Hollister, joining Saddlebrook, Walnut Park I and II, and Homestead, which are all sold out, and Village at Santa Ana, which is now selling. Cerra...
UCP Reports First Quarter 2017 Results
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (“UCP” or the “Company”) (NYSE:UCP) today announced its results of operations for the three months ended March 31, 2017. Selected First Quarter 2017 Metrics Compared to First Quarter 2016 Earnings increased to $0.14 per share of Class A common stock Revenue from homebuilding operations increased 37.8% to $94.0 million Homes delivered increased 35.3% to 226 Homebuilding gross margin was 18.3%, compared to 17.6%, and adjusted ...
UCP to Release First Quarter 2017 Results on May 4, 2017
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE:UCP) today announced that it will release its financial results for the first quarter ending March 31, 2017 after the market closes on Thursday, May 4, 2017. About UCP, Inc. UCP is a homebuilder and land developer with expertise in residential land acquisition, entitlement, and development, as well as home design, construction and sales. UCP operates in the States of California, Washington, North Carolina, South Carolina and Tennessee. UCP designs and builds ...
INVESTOR ALERT: Brower Piven Commences an Investigation Into the Propo...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of UCP, Inc. (NYSE: UCP) (“UCP, Inc.” or the “Company”) relating to the proposed buyout of UCP, Inc. by Century Communities, Inc. Under the terms of the agreement, UCP, Inc. shareholders are anticipated to receive $5.32 in cash and 0.2309 of a newly issued share of Century common stoc...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation In...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased UCP, Inc. (NYSE: UCP) stock prior to April 11, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of UCP, Inc. to Century Communities, Inc. Under the terms of transaction, UCP shareholders will receive $5.32 in cash and 0.2309 of a share in the newly combined company for each share they own; this represents a v...
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Pr...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of UCP, Inc. (NYSE: UCP) (“UCP, Inc.” or the “Company”) relating to the proposed buyout of UCP, Inc. by Century Communities, Inc. Under the terms of the agreement, UCP, Inc. shareholders are anticipated to receive $5.32 in cash and 0.2309 of a newly issued share of Century common stoc...
UCP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investig...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of UCP, Inc. (NYSE: UCP)? Did you purchase any of your shares prior to April 11, 2017? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of UCP, Inc. (“UCP” or the “Company”) (NYSE: UCP) regarding possible breaches of fiduciary d...
UCP, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Believ...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of UCP, Inc. (“UCP”) (NYSE: UCP) concerning the acquisition by Century Communities, Inc. (NYSE: CCS). Under the terms of the agreement, valued at approximately $336 million, UCP shareholders will only receive $5.32 in cash and 0.2309 of a newly issued share of CCS common stock per UCP share owned. The consideration is valued at approximately $11.35, which is signific...
UCP Announces Expansion of Board and Strengthened Corporate Governance
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE:UCP) together with the Company’s largest shareholder, PICO Holdings, Inc. (NASDAQ: PICO), today announce an agreement to nominate Keith M. Locker to the board of directors. In connection with the addition of Mr. Locker the number of directors on the UCP Board will increase from six to seven members, effective as of immediately prior to the 2017 Annual Meeting of Stockholders of UCP. Mr. Locker has more than 30 years and $60 billion of major national market experience in real...
Benchmark Communities’ Success in the Eliant Homebuyers’ Choice Aw...
SAN JOSE, Calif.--(BUSINESS WIRE)-- Benchmark Communities (“Benchmark” or “the Company”), a leading national homebuilder known for its industry-leading approach to customer service, is excited to announce that once again, it was one of the strongest performing homebuilders in the Eliant Homebuyers’ Choice Awards competition, winning 16 awards across multiple categories in 2017. With this impressive total, Benchmark ranked in the top-four in total awards collected for the third consecutive year. “Our repeated success in this p...
UCP Reports Fourth Quarter and Full Year 2016 Results
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE:UCP) today announced its results of operations for the three months and full year ended December 31, 2016. Fourth Quarter 2016 Highlights Compared to Fourth Quarter 2015 Earnings increased to $0.89 per share of Class A common stock, including a $0.61 one-time benefit Revenue from homebuilding operations increased 17.5% to $104.4 million Homes delivered increased 15.2% to 257 Homebuilding gross margin was 18.6%,...
UCP to Host Fourth Quarter and Full Year 2016 Earnings Conference Call
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE:UCP) today announced that it will release its financial results for the fourth quarter and full year ending December 31, 2016 before the market opens on Monday, February 27, 2017, and will subsequently host a conference call for investors and other interested parties beginning at 12:00 p.m. Eastern Time, 9:00 a.m. Pacific Time. The conference call will be hosted by Dustin Bogue, Chief Executive Officer, and James Pirrello, Chief Financial Officer. Webcast Int...
Benchmark Communities Reaches 2,000 New Home Deliveries since 2013 IPO
SAN JOSE, Calif.--(BUSINESS WIRE)-- Benchmark Communities (“Benchmark”), an award-winning national homebuilder, announced today that it has reached a milestone of 2,000 new home deliveries since its parent company, UCP (NYSE:UCP), went public in 2013, with over 1,000 of these occurring since the beginning of 2015. Benchmark delivered its 2,000th home at its Olde Stonegate community in Mint Hill, North Carolina. “We have made remarkable progress over the past three years, which is a testament to our hardworking employee...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
UCP Elects Eric H. Speron to Board of Directors
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE:UCP) today announced that its Board of Directors has elected Eric H. Speron as a new director, effective December 12, 2016. Mr. Speron has over 16 years of management and advisory experience across the financial services industry. Since January 2016, Mr. Speron has also served as a member of the Board of Directors of PICO Holdings, Inc. (Nasdaq: PICO), which is UCP’s controlling stockholder. Mr. Speron will be a Class I Director and replace John R. Hart, who will resign as a director...
UCP Reports Third Quarter 2016 Results
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE:UCP) today announced its results of operations for the three months ended September 30, 2016. Third Quarter 2016 Highlights Compared to Third Quarter 2015 Net income was $3.1 million, including $2.0 million of net one-time expenses Total consolidated revenue grew 27.2% to $93.7 million Revenue from homebuilding operations increased 27.8% to $89.8 million Selling, general and administrative expense as a percenta...
UCP Announces Proposed Offering of Senior Notes Due 2021
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE:UCP) announced today that its primary operating subsidiary, UCP, LLC, and UCP Finance Corp., a wholly-owned finance subsidiary (together with UCP, LLC, the “Issuers”), intend to commence a private offering of $200.0 million aggregate principal amount of their Senior Notes due 2021 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by certain of UCP, LLC’s existing and future subsidiaries. The Issuers intend to use the net procee...
UCP to Host Third Quarter 2016 Earnings Conference Call
SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE: UCP) today announced that it will release its financial results for the third quarter ending September 30, 2016 before the market opens on Monday, October 31, 2016, and will subsequently host a conference call for investors and other interested parties beginning at 12:00 p.m. Eastern Time, 9:00 a.m. Pacific Time. The conference call will be hosted by Dustin Bogue, Chief Executive Officer, and James Pirrello, Chief Financial Officer. Webcast Interested partie...
Benchmark Communities Names Karen Becker Vice President of Marketing
SAN JOSE, Calif.--(BUSINESS WIRE)-- Benchmark Communities (“Benchmark”) today announced that it has named Karen Becker as Vice President of Marketing, effective immediately. Ms. Becker, who has held executive marketing positions for public and private companies over the last 20 years, will be responsible for implementing and overseeing Benchmark’s marketing and branding efforts. “Over the course of her career, Karen has proven adept at designing and implementing highly effective marketing campaigns that resonate with c...
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