Sei Investments Co. Acquires 38,135 Shares of Century Communities, Inc. $CCS

Sei Investments Co. grew its holdings in Century Communities, Inc. (NYSE:CCS) by 104.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 74,813 shares of the construction company’s stock after acquiring an additional 38,135 shares during the period. Sei Investments Co.’s holdings in Century Communities were worth $4,293,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC raised its stake in Century Communities by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock valued at $301,000 after acquiring an additional 155 shares during the period. Lazard Asset Management LLC lifted its holdings in Century Communities by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after purchasing an additional 173 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Century Communities by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock worth $793,000 after purchasing an additional 173 shares during the period. CWM LLC boosted its position in Century Communities by 1.7% during the fourth quarter. CWM LLC now owns 17,745 shares of the construction company’s stock worth $1,053,000 after purchasing an additional 292 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in Century Communities by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock worth $867,000 after purchasing an additional 359 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCS. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. B. Riley Financial lowered shares of Century Communities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. reduced their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. Finally, Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and an average price target of $67.00.

Century Communities Stock Performance

CCS opened at $71.28 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. Century Communities, Inc. has a 52-week low of $47.28 and a 52-week high of $76.00. The firm has a market cap of $2.03 billion, a P/E ratio of 15.63 and a beta of 1.30. The business’s fifty day moving average is $64.27 and its 200-day moving average is $62.21.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.67. The business had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. Century Communities’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 earnings per share. Sell-side analysts expect that Century Communities, Inc. will post 4.86 EPS for the current fiscal year.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.