Nordea Investment Management AB increased its holdings in Century Communities, Inc. (NYSE:CCS) by 31.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,200 shares of the construction company’s stock after acquiring an additional 2,200 shares during the period. Nordea Investment Management AB’s holdings in Century Communities were worth $228,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Century Communities by 23.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 717,623 shares of the construction company’s stock worth $18,227,000 after acquiring an additional 137,217 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Century Communities by 10.0% in the 2nd quarter. Vanguard Group Inc. now owns 701,673 shares of the construction company’s stock worth $17,401,000 after acquiring an additional 63,732 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Century Communities by 92.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after acquiring an additional 244,629 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Century Communities by 8.4% in the 1st quarter. Wellington Management Group LLP now owns 467,598 shares of the construction company’s stock worth $11,877,000 after acquiring an additional 36,038 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in shares of Century Communities by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 381,817 shares of the construction company’s stock worth $9,469,000 after acquiring an additional 7,654 shares during the last quarter. Institutional investors own 59.80% of the company’s stock.
Shares of Century Communities, Inc. (NYSE:CCS) opened at 25.40 on Thursday. The firm has a 50-day moving average of $23.86 and a 200 day moving average of $25.06. Century Communities, Inc. has a 1-year low of $18.45 and a 1-year high of $28.05. The stock has a market cap of $571.47 million, a price-to-earnings ratio of 10.67 and a beta of 1.07.
Century Communities (NYSE:CCS) last issued its earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $287.60 million during the quarter, compared to the consensus estimate of $305.38 million. Century Communities had a return on equity of 10.74% and a net margin of 4.87%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Equities research analysts forecast that Century Communities, Inc. will post $2.29 earnings per share for the current year.
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A number of equities research analysts recently weighed in on CCS shares. Citigroup Inc. restated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, August 8th. BidaskClub lowered shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $28.00 to $32.00 in a report on Thursday, September 14th. Wedbush restated an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. Finally, FBR & Co restated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $30.50.
Century Communities Company Profile
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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