Kazazian Asset Management LLC acquired a new stake in shares of Century Communities (NYSE:CCS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,485 shares of the construction company’s stock, valued at approximately $233,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCS. Macquarie Group Ltd. acquired a new stake in shares of Century Communities in the fourth quarter worth about $279,000. Millennium Management LLC lifted its position in shares of Century Communities by 35.7% during the 4th quarter. Millennium Management LLC now owns 1,241,269 shares of the construction company’s stock worth $38,603,000 after purchasing an additional 326,505 shares during the last quarter. Wolverine Trading LLC acquired a new position in shares of Century Communities during the 4th quarter worth about $332,000. Cider Mill Investments LP acquired a new position in shares of Century Communities during the 4th quarter worth about $9,426,000. Finally, TIAA CREF Investment Management LLC increased its stake in Century Communities by 24.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 144,886 shares of the construction company’s stock valued at $4,506,000 after acquiring an additional 28,317 shares during the period. 79.01% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. 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. Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Wednesday, January 3rd. ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 17th. JPMorgan Chase boosted their target price on Century Communities from $34.00 to $37.50 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Deutsche Bank boosted their target price on Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Century Communities presently has an average rating of “Buy” and an average target price of $36.64.
Shares of CCS stock traded down $1.25 during trading hours on Friday, reaching $31.15. The company had a trading volume of 177,181 shares, compared to its average volume of 194,775. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. Century Communities has a 1-year low of $21.90 and a 1-year high of $36.00. The company has a market cap of $959.58, a P/E ratio of 10.85 and a beta of 1.09.
Century Communities (NYSE:CCS) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate 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%. research analysts anticipate that Century Communities will post 3.69 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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