Alliancebernstein L.P. Takes Position in Century Communities, Inc. (CCS)
Alliancebernstein L.P. purchased a new position in Century Communities, Inc. (NYSE:CCS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,700 shares of the construction company’s stock, valued at approximately $216,000.
A number of other hedge funds have also recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in Century Communities by 49.7% in the second quarter. Wells Fargo & Company MN now owns 46,740 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 15,526 shares during the period. IndexIQ Advisors LLC bought a new stake in Century Communities in the second quarter worth $462,000. Prudential Financial Inc. boosted its holdings in Century Communities by 72.7% in the second quarter. Prudential Financial Inc. now owns 140,246 shares of the construction company’s stock worth $3,478,000 after acquiring an additional 59,056 shares in the last quarter. Bridge City Capital LLC bought a new stake in Century Communities in the second quarter worth $725,000. Finally, Victory Capital Management Inc. boosted its holdings in Century Communities by 5.6% in the second quarter. Victory Capital Management Inc. now owns 59,052 shares of the construction company’s stock worth $1,464,000 after acquiring an additional 3,110 shares in the last quarter. 59.52% of the stock is currently owned by institutional investors.
Century Communities, Inc. (NYSE CCS) opened at $28.50 on Monday. Century Communities, Inc. has a 1-year low of $19.65 and a 1-year high of $30.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $785.84, a PE ratio of 11.40 and a beta of 1.13.
Century Communities (NYSE:CCS) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.30. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The company had revenue of $374.90 million for the quarter, compared to the consensus estimate of $409.42 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. Century Communities’s revenue was up 51.1% on a year-over-year basis. equities research analysts forecast that Century Communities, Inc. will post 2.11 EPS for the current year.
Several equities research analysts have commented on CCS shares. J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $32.00 in a report on Thursday, September 14th. FBR & Co reissued a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, October 3rd. Citigroup Inc. reissued a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, August 8th. Wedbush reaffirmed an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. Finally, B. Riley reaffirmed a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.50.
Century Communities Company Profile
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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