Elk Creek Partners LLC decreased its position in shares of Century Communities, Inc. (NYSE:CCS) by 2.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 314,803 shares of the construction company’s stock after selling 7,710 shares during the quarter. Elk Creek Partners LLC owned approximately 1.43% of Century Communities worth $7,807,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake 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 buying an additional 278 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Century Communities by 118.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock valued at $131,000 after buying an additional 2,816 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Century Communities during the 1st quarter valued at $178,000. Trexquant Investment LP purchased a new position in shares of Century Communities during the 1st quarter valued at $201,000. Finally, Alliancebernstein L.P. purchased a new position in shares of Century Communities during the 2nd quarter valued at $216,000. Institutional investors own 59.80% of the company’s stock.
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A number of research analysts recently weighed in on the stock. Wedbush restated an “outperform” rating on shares of Century Communities in a research note on Saturday. J P Morgan Chase & Co upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $32.00 in a research note on Thursday. BidaskClub cut shares of Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Citigroup Inc. reiterated a “buy” rating and issued a $30.00 price target on shares of Century Communities in a research note on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.80.
Shares of Century Communities, Inc. (NYSE CCS) traded down 0.83% during mid-day trading on Friday, reaching $24.00. 428,159 shares of the company’s stock traded hands. Century Communities, Inc. has a 12-month low of $18.45 and a 12-month high of $28.05. The company has a market cap of $539.98 million, a P/E ratio of 10.08 and a beta of 1.04. The company’s 50 day moving average is $23.52 and its 200 day moving average is $25.00.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). The company had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $305.38 million. Century Communities had a net margin of 4.87% and a return on equity of 10.74%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. On average, analysts predict that Century Communities, Inc. will post $2.22 EPS for the current fiscal year.
About Century Communities
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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