Fox Run Management L.L.C. purchased a new stake in shares of Century Communities, Inc (NYSE:CCS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,500 shares of the construction company’s stock, valued at approximately $202,000.
A number of other institutional investors also recently modified their holdings of CCS. SG Americas Securities LLC acquired a new position in Century Communities during the 3rd quarter valued at approximately $120,000. Alliancebernstein L.P. acquired a new position in Century Communities during the 2nd quarter valued at approximately $216,000. Cubist Systematic Strategies LLC acquired a new position in Century Communities during the 3rd quarter valued at approximately $224,000. Nordea Investment Management AB increased its stake in 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 purchasing an additional 2,200 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in Century Communities during the 2nd quarter valued at approximately $235,000. Institutional investors and hedge funds own 66.58% of the company’s stock.
CCS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wedbush upped their price target on shares of Century Communities from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. FBR & Co restated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, October 3rd. Finally, B. Riley restated a “buy” rating and set a $41.00 price target on shares of Century Communities in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $35.17.
Century Communities (NYSE:CCS) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.43 by $0.30. The business had revenue of $374.90 million for the quarter, compared to the consensus estimate of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The business’s revenue for the quarter was up 51.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. sell-side analysts predict that Century Communities, Inc will post 2.12 earnings per share for the current fiscal year.
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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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