Vertex One Asset Management Inc. cut its holdings in shares of Century Communities, Inc (NYSE:CCS) by 59.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 128,224 shares of the construction company’s stock after selling 190,847 shares during the period. Vertex One Asset Management Inc.’s holdings in Century Communities were worth $3,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Mercantile Trust Co. acquired a new position in Century Communities during the fourth quarter valued at $145,000. SG Americas Securities LLC purchased a new position in Century Communities in the third quarter valued at $120,000. Fox Run Management L.L.C. purchased a new position in Century Communities in the fourth quarter valued at $202,000. Teacher Retirement System of Texas purchased a new position in Century Communities in the fourth quarter valued at $202,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in Century Communities in the fourth quarter valued at $222,000. Institutional investors own 79.01% of the company’s stock.
CCS has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Century Communities in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of Century Communities from $34.00 to $37.50 and gave the company an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Deutsche Bank lifted their price objective on shares of Century Communities from $33.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, B. Riley reissued a “buy” rating and set a $41.00 target price on shares of Century Communities in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Century Communities presently has an average rating of “Buy” and a consensus target price of $36.64.
Century Communities (NYSE:CCS) last released its earnings results on Tuesday, February 13th. The construction company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.40. The business had revenue of $518.79 million during the quarter, compared to analysts’ expectations of $507.29 million. Century Communities had a net margin of 3.55% and a return on equity of 11.79%. equities research analysts expect that Century Communities, Inc will post 3.69 earnings per share for the current 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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