Long Pond Capital LP lessened its holdings in Century Communities Inc (NYSE:CCS) by 6.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,432,176 shares of the construction company’s stock after selling 176,700 shares during the period. Century Communities accounts for about 2.0% of Long Pond Capital LP’s portfolio, making the stock its 15th biggest position. Long Pond Capital LP owned approximately 0.08% of Century Communities worth $58,299,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Shoals Capital Management LP acquired a new position in Century Communities during the 4th quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Century Communities by 176.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,228 shares in the last quarter. Legal & General Group Plc increased its holdings in Century Communities by 21.7% during the 4th quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock worth $86,000 after purchasing an additional 882 shares in the last quarter. SG Americas Securities LLC bought a new position in Century Communities during the 1st quarter worth about $100,000. Finally, Citigroup Inc. increased its holdings in Century Communities by 609.3% during the 4th quarter. Citigroup Inc. now owns 7,199 shares of the construction company’s stock worth $124,000 after purchasing an additional 6,184 shares in the last quarter. Institutional investors own 94.04% of the company’s stock.
A number of equities analysts have issued reports on CCS shares. TheStreet cut Century Communities from a “b-” rating to a “c” rating in a report on Friday, May 17th. Zacks Investment Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 16th. Wedbush upgraded Century Communities from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $29.00 to $26.58 in a report on Friday, May 31st. Zelman & Associates upgraded Century Communities from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, ValuEngine upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Century Communities presently has an average rating of “Buy” and an average target price of $32.22.
Shares of NYSE CCS traded up $0.25 during mid-day trading on Friday, hitting $28.14. The company had a trading volume of 6,841 shares, compared to its average volume of 354,514. The stock has a market capitalization of $832.52 million, a price-to-earnings ratio of 7.16 and a beta of 1.39. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.30 and a quick ratio of 0.30. Century Communities Inc has a one year low of $16.35 and a one year high of $35.50.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.19. The company had revenue of $472.60 million during the quarter, compared to analysts’ expectations of $448.81 million. Century Communities had a return on equity of 13.66% and a net margin of 4.11%. Century Communities’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. On average, sell-side analysts expect that Century Communities Inc will post 3.85 EPS for the current year.
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About Century Communities
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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