NEW YORK ( TheStreet) -TheStreet Ratings' stock model downgraded Standard Pacific Corp ( SPF) to 'Sell' from 'Hold'. Net income at this $859 million market cap, homebuilder shrank to a loss of $21.9 million in the fourth quarter compared to a gain of $82.7 million the year earlier quarter.

TheStreet Ratings released rating changes on 21 U.S. common stocks for February 14, 2011. In total, 12 stocks were upgraded and nine stocks were downgraded by our stock model.

In the fourth quarter, Standard Pacific Corp reported $215 million in revenue, a decrease of 37.2% compared to the year earlier quarter. Learn more about Standard Pacific Corp: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

$608 million market cap, internet access company, Internet Initiative Japan Inc ( IIJI) was upgraded to 'Buy' from 'Hold'. In third quarter results, Internet Initiative Japan reported a profit of $14.2 million, up 238.8% from the year earlier quarter. Over the same time period, revenue grew by 80% to $285.1 million. Learn more about Internet Initiative Japan: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

-- Reported by Kevin Baker in Jupiter, FL.

For additional Investment Research check out our Ratings Research Center.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

If you liked this article you might like

Housing Data Drives Down Homebuilding Stocks

Standard Pacific (SPF) Flagged As Strong On High Volume

Market Still Has 'Pockets of Value'

Market Still Has 'Pockets of Value'

No Fed Rate Hike Yet, but Financials Are Still Set to Rise, Says Analyst

Bank of America & JPMorgan Fall on Fed Decision, but Financials Are a 'Favorite'