Capital Growth Management LP Has $1.85 Million Stake in Century Communities, Inc. (CCS)
Capital Growth Management LP decreased its stake in shares of Century Communities, Inc. (NYSE:CCS) by 6.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 75,000 shares of the construction company’s stock after selling 5,000 shares during the period. Capital Growth Management LP owned 0.27% of Century Communities worth $1,852,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc increased its holdings in shares of Century Communities by 6.9% during the 1st quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after acquiring an additional 278 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Century Communities during the 3rd quarter valued at about $120,000. Alliancebernstein L.P. acquired a new position in shares of Century Communities during the 2nd quarter valued at about $216,000. Nordea Investment Management AB increased its holdings in shares of Century Communities by 31.4% during the 2nd quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock valued at $228,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Century Communities during the 2nd quarter valued at about $235,000. 61.26% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. B. Riley reissued a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. FBR & Co reissued a “buy” rating and set a $30.00 price objective on shares of Century Communities in a report on Tuesday, October 3rd. Wedbush reaffirmed an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. Finally, J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and raised their target price for the company from $28.00 to $32.00 in a report on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $30.50.
Shares of Century Communities, Inc. (NYSE CCS) opened at $30.50 on Monday. The stock has a market capitalization of $840.98, a P/E ratio of 12.20 and a beta of 1.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $30.60.
Century Communities (NYSE:CCS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.30. The firm had revenue of $374.90 million for the quarter, compared to analyst estimates of $409.42 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The company’s revenue was up 51.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. equities research analysts forecast that Century Communities, Inc. will post 2.12 earnings per share for the current fiscal year.
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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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