Kennedy Capital Management Inc. Increases Holdings in Century Communities Inc (NYSE:CCS)

Share on StockTwits

Kennedy Capital Management Inc. boosted its holdings in shares of Century Communities Inc (NYSE:CCS) by 43.5% in the first quarter, Holdings Channel reports. The fund owned 149,136 shares of the construction company’s stock after buying an additional 45,191 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Century Communities were worth $3,575,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CCS. JPMorgan Chase & Co. boosted its stake in Century Communities by 1,256.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,939 shares of the construction company’s stock valued at $1,862,000 after purchasing an additional 65,709 shares during the last quarter. Vanguard Group Inc. boosted its stake in Century Communities by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,105,799 shares of the construction company’s stock valued at $29,027,000 after purchasing an additional 21,740 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Century Communities by 176.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,228 shares during the last quarter. Rhumbline Advisers boosted its stake in Century Communities by 44.5% during the 4th quarter. Rhumbline Advisers now owns 36,253 shares of the construction company’s stock valued at $626,000 after purchasing an additional 11,172 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in Century Communities by 21.8% during the 4th quarter. ClariVest Asset Management LLC now owns 107,455 shares of the construction company’s stock valued at $1,855,000 after purchasing an additional 19,210 shares during the last quarter. Institutional investors own 94.04% of the company’s stock.

CCS has been the topic of several recent analyst reports. TheStreet upgraded Century Communities from a “c” rating to a “b-” rating in a research note on Tuesday, February 19th. Zelman & Associates upgraded Century Communities from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Wedbush upgraded Century Communities from a “neutral” rating to an “outperform” rating and cut their target price for the company from $29.00 to $26.58 in a research note on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $32.22.

NYSE CCS opened at $27.89 on Friday. The firm has a market cap of $832.52 million, a PE ratio of 7.26 and a beta of 1.39. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.90. Century Communities Inc has a 1-year low of $16.35 and a 1-year high of $35.50.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.19. The firm had revenue of $472.60 million for the quarter, compared to analysts’ expectations of $448.81 million. Century Communities had a return on equity of 13.66% and a net margin of 4.11%. The company’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. As a group, analysts forecast that Century Communities Inc will post 3.85 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Equities Focus and is the property of of Equities Focus. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.equitiesfocus.com/2019/06/14/kennedy-capital-management-inc-increases-holdings-in-century-communities-inc-nyseccs.html.

Century Communities Company Profile

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.

Featured Story: What are defining characteristics of a correction?

Want to see what other hedge funds are holding CCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Communities Inc (NYSE:CCS).

Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.