New York State Common Retirement Fund Boosts Stake in Century Communities, Inc. (CCS)

New York State Common Retirement Fund boosted its stake in shares of Century Communities, Inc. (NYSE:CCS) by 25.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,500 shares of the construction company’s stock after acquiring an additional 4,099 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Century Communities worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CCS. Russell Investments Group Ltd. increased its position in Century Communities by 92.4% during the second quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after buying an additional 244,629 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Century Communities by 23.6% during the first quarter. Dimensional Fund Advisors LP now owns 717,623 shares of the construction company’s stock worth $18,227,000 after purchasing an additional 137,217 shares in the last quarter. Thomson Horstmann & Bryant Inc. lifted its stake in shares of Century Communities by 38.3% during the second quarter. Thomson Horstmann & Bryant Inc. now owns 333,159 shares of the construction company’s stock worth $8,262,000 after purchasing an additional 92,239 shares in the last quarter. Bank of America Corp DE increased its position in shares of Century Communities by 177.8% during the first quarter. Bank of America Corp DE now owns 134,439 shares of the construction company’s stock worth $3,415,000 after acquiring an additional 86,042 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Century Communities by 266.9% during the first quarter. AQR Capital Management LLC now owns 117,520 shares of the construction company’s stock worth $2,985,000 after acquiring an additional 85,488 shares during the last quarter. 61.26% of the stock is owned by institutional investors.

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Shares of Century Communities, Inc. (NYSE:CCS) opened at $29.70 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $810.65, a P/E ratio of 11.76 and a beta of 1.13. Century Communities, Inc. has a 1-year low of $19.65 and a 1-year high of $30.16.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The firm had revenue of $374.90 million during the quarter, compared to analyst estimates of $409.42 million. During the same quarter in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 51.1% compared to the same quarter last year. sell-side analysts anticipate that Century Communities, Inc. will post 2.11 earnings per share for the current fiscal year.

Several analysts recently weighed in on the company. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a report on Tuesday. B. Riley reiterated a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. BidaskClub lowered shares of Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Citigroup Inc. reissued a “buy” rating and set a $30.00 price target on shares of Century Communities in a research report on Tuesday, August 8th. Finally, Wedbush reiterated an “outperform” rating on shares of Century Communities in a research report on Saturday, September 16th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Century Communities presently has an average rating of “Buy” and an average target price of $30.50.

Century Communities Profile

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.

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

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