Skylands Capital LLC lessened its stake in shares of Century Communities, Inc (NYSE:CCS) by 13.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 123,000 shares of the construction company’s stock after selling 19,800 shares during the period. Skylands Capital LLC’s holdings in Century Communities were worth $3,825,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Thomson Horstmann & Bryant Inc. increased its stake in shares of Century Communities by 17.7% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 301,453 shares of the construction company’s stock valued at $9,375,000 after purchasing an additional 45,341 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Century Communities in the 3rd quarter valued at $224,000. Highbridge Capital Management LLC bought a new position in shares of Century Communities in the 3rd quarter valued at $413,000. Western Standard LLC bought a new position in shares of Century Communities in the 3rd quarter valued at $767,000. Finally, Lyon Street Capital LLC increased its stake in shares of Century Communities by 110.9% in the 3rd quarter. Lyon Street Capital LLC now owns 149,670 shares of the construction company’s stock valued at $3,697,000 after purchasing an additional 78,711 shares during the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.
Several brokerages have recently issued reports on CCS. B. Riley reiterated a “buy” rating and issued 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 target 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 Sunday, December 31st. Wedbush lifted their price target on Century Communities from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. Finally, FBR & Co reiterated a “buy” rating and issued a $30.00 price target on shares of Century Communities in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.17.
Shares of Century Communities, Inc (NYSE:CCS) opened at $33.85 on Wednesday. The firm has a market capitalization of $962.30, a price-to-earnings ratio of 15.82 and a beta of 1.17. Century Communities, Inc has a 52-week low of $20.75 and a 52-week high of $36.00. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19.
Century Communities (NYSE:CCS) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. The business had revenue of $374.90 million for the quarter, compared to analyst estimates of $409.42 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. Century Communities’s quarterly revenue was up 51.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. analysts forecast that Century Communities, Inc will post 2.12 earnings per share for the current fiscal year.
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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