Wolverine Trading LLC Purchases New Stake in Century Communities (NYSE:CCS)

Wolverine Trading LLC purchased a new stake in shares of Century Communities (NYSE:CCS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,662 shares of the construction company’s stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCS. Hodges Capital Management Inc. purchased a new stake in Century Communities during the fourth quarter valued at about $32,024,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Century Communities during the fourth quarter worth about $12,918,000. Atalan Capital Partners LP purchased a new stake in shares of Century Communities during the fourth quarter worth about $11,967,000. Oaktree Capital Management LP boosted its holdings in shares of Century Communities by 23.8% during the fourth quarter. Oaktree Capital Management LP now owns 1,819,003 shares of the construction company’s stock worth $56,570,000 after purchasing an additional 350,000 shares during the period. Finally, Cider Mill Investments LP purchased a new stake in shares of Century Communities during the fourth quarter worth about $9,426,000. Institutional investors and hedge funds own 79.01% of the company’s stock.

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A number of analysts have recently weighed in on CCS shares. Wedbush increased their target price on shares of Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of 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. B. Riley reissued a “buy” rating and issued a $41.00 price target on shares of Century Communities in a research note on Wednesday, January 3rd. Finally, Deutsche Bank increased their price target on shares of Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $36.64.

Shares of NYSE CCS opened at $31.15 on Friday. Century Communities has a fifty-two week low of $21.90 and a fifty-two week high of $36.00. The company has a market cap of $940.33, a price-to-earnings ratio of 10.85 and a beta of 1.09. 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 (NYSE:CCS) last announced its earnings results on Tuesday, February 13th. The construction company reported $1.01 earnings per share 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 the consensus estimate of $507.29 million. Century Communities had a net margin of 3.55% and a return on equity of 11.79%. sell-side analysts anticipate that Century Communities will post 3.69 EPS 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.

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

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