Dalton Greiner Hartman Maher & Co. purchased a new position in Century Communities Inc (NYSE:CCS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 208,484 shares of the construction company’s stock, valued at approximately $5,702,000.
A number of other institutional investors have also recently made changes to their positions in CCS. Marshall Wace LLP bought a new stake in Century Communities in the 1st quarter worth $322,000. Prudential Financial Inc. bought a new stake in Century Communities in the 2nd quarter worth $1,176,000. Bank of Montreal Can grew its holdings in Century Communities by 1,419.2% in the 2nd quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock worth $61,000 after acquiring an additional 2,143 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Century Communities by 6.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 161,529 shares of the construction company’s stock worth $4,294,000 after acquiring an additional 10,160 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Century Communities by 49.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 885,587 shares of the construction company’s stock worth $23,539,000 after acquiring an additional 293,681 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CCS opened at $29.60 on Thursday. The company has a 50-day moving average price of $28.04 and a 200-day moving average price of $28.50. Century Communities Inc has a 12 month low of $20.15 and a 12 month high of $34.57. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.94. The stock has a market cap of $888.70 million, a price-to-earnings ratio of 7.51 and a beta of 1.17.
Century Communities (NYSE:CCS) last posted its earnings results on Tuesday, October 29th. The construction company reported $0.87 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.87. Century Communities had a net margin of 3.58% and a return on equity of 11.54%. The firm had revenue of $573.90 million during the quarter, compared to analysts’ expectations of $567.22 million. During the same period last year, the company posted $0.86 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts forecast that Century Communities Inc will post 3.6 EPS for the current fiscal year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. B. Riley raised their target price on shares of Century Communities from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, ValuEngine cut shares of Century Communities from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Century Communities has an average rating of “Buy” and a consensus price target of $35.88.
About Century Communities
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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