Victory Capital Management Inc. grew its position in shares of Century Communities, Inc (NYSE:CCS) by 29.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,556 shares of the construction company’s stock after buying an additional 19,320 shares during the quarter. Victory Capital Management Inc.’s holdings in Century Communities were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Century Communities during the 3rd quarter valued at $120,000. Fox Run Management L.L.C. bought a new position in shares of Century Communities during the 4th quarter valued at $202,000. Campbell Newman Asset Management Inc. bought a new position in shares of Century Communities during the 4th quarter valued at $222,000. Alliancebernstein L.P. bought a new position in shares of Century Communities during the 2nd quarter valued at $216,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Century Communities during the 3rd quarter valued at $224,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on CCS shares. Wedbush increased their price target on Century Communities from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, December 29th. Deutsche Bank increased their price target on Century Communities from $33.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, February 15th. B. Riley reissued a “buy” rating and set a $41.00 price target on shares of Century Communities in a report on Wednesday, January 3rd. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $36.64.
Century Communities, Inc (NYSE:CCS) opened at $32.50 on Tuesday. Century Communities, Inc has a twelve month low of $21.90 and a twelve month high of $36.00. The company has a market capitalization of $958.84, a price-to-earnings ratio of 16.01 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19.
Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, February 13th. The construction company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.40. Century Communities had a return on equity of 12.73% and a net margin of 3.55%. The company had revenue of $518.79 million for the quarter, compared to analysts’ expectations of $507.29 million. analysts anticipate that Century Communities, Inc will post 3.82 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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