Kennedy Capital Management Inc. purchased a new position in shares of Century Communities (NYSE:CCS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,826 shares of the construction company’s stock, valued at approximately $2,109,000. Kennedy Capital Management Inc. owned approximately 0.25% of Century Communities at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. EAM Investors LLC bought a new position in Century Communities during the 4th quarter worth $4,568,000. HAP Trading LLC bought a new position in Century Communities during the 4th quarter worth $832,000. Capital Growth Management LP raised its position in shares of Century Communities by 280.0% in the 4th quarter. Capital Growth Management LP now owns 285,000 shares of the construction company’s stock worth $8,864,000 after acquiring an additional 210,000 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Century Communities in the 4th quarter worth about $12,918,000. Finally, BlackRock Inc. raised its position in shares of Century Communities by 14.6% in the 4th quarter. BlackRock Inc. now owns 2,276,323 shares of the construction company’s stock worth $70,794,000 after acquiring an additional 290,340 shares in the last quarter. 79.01% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on CCS. B. Riley restated a “buy” rating and issued a $41.00 target price 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 target for the company in a research note on Wednesday, January 3rd. Deutsche Bank lifted their target price on shares of Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. ValuEngine cut shares of Century Communities from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Century Communities in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $36.64.
Shares of CCS traded down $1.25 during mid-day trading on Friday, reaching $31.15. 177,181 shares of the stock traded hands, compared to its average volume of 280,565. Century Communities has a 1 year low of $21.90 and a 1 year high of $36.00. The firm has a market capitalization of $940.33, a P/E ratio of 10.85 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10.
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.40. Century Communities had a net margin of 3.55% and a return on equity of 11.79%. The business had revenue of $518.79 million during the quarter, compared to analyst estimates of $507.29 million. analysts expect that Century Communities 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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