Peregrine Capital Management LLC cut its stake in shares of Century Communities Inc (NYSE:CCS) by 52.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,567 shares of the construction company’s stock after selling 207,701 shares during the period. Peregrine Capital Management LLC owned 0.57% of Century Communities worth $5,843,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CCS. Wellington Management Group LLP lifted its position in Century Communities by 83.5% during the first quarter. Wellington Management Group LLP now owns 1,926,679 shares of the construction company’s stock worth $27,956,000 after acquiring an additional 876,809 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Century Communities by 46.5% in the first quarter. Frontier Capital Management Co. LLC now owns 1,354,461 shares of the construction company’s stock valued at $19,653,000 after buying an additional 429,726 shares in the last quarter. Global Alpha Capital Management Ltd. acquired a new stake in shares of Century Communities in the first quarter valued at approximately $5,537,000. Nuveen Asset Management LLC raised its position in shares of Century Communities by 74.9% in the first quarter. Nuveen Asset Management LLC now owns 518,149 shares of the construction company’s stock valued at $7,518,000 after buying an additional 221,825 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Century Communities by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,004,912 shares of the construction company’s stock valued at $27,484,000 after buying an additional 169,366 shares in the last quarter. Hedge funds and other institutional investors own 92.40% of the company’s stock.
A number of research firms have recently weighed in on CCS. JPMorgan Chase & Co. lifted their price target on shares of Century Communities from $15.50 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wedbush lifted their price target on shares of Century Communities from $31.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research report on Tuesday, July 7th. Finally, B. Riley lifted their price objective on shares of Century Communities from $38.00 to $46.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.00.
In other Century Communities news, CEO Robert J. Francescon sold 100,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $27.65, for a total transaction of $2,765,000.00. Following the sale, the chief executive officer now owns 291,370 shares of the company’s stock, valued at $8,056,380.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David L. Messenger sold 35,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.97, for a total transaction of $1,118,950.00. Following the sale, the chief financial officer now directly owns 132,688 shares in the company, valued at approximately $4,242,035.36. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.
Shares of NYSE:CCS opened at $35.62 on Friday. The company’s 50 day simple moving average is $31.77 and its 200 day simple moving average is $27.25. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.04 and a beta of 1.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.41 and a quick ratio of 0.81. Century Communities Inc has a 1 year low of $9.04 and a 1 year high of $39.31.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.48. The business had revenue of $776.44 million for the quarter, compared to analysts’ expectations of $572.70 million. Century Communities had a net margin of 5.25% and a return on equity of 13.57%. As a group, analysts anticipate that Century Communities Inc will post 3.9 EPS for the current fiscal year.
Century Communities Profile
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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