Thrivent Financial for Lutherans raised its holdings in shares of Century Communities Inc (NYSE:CCS) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,837 shares of the construction company’s stock after acquiring an additional 2,371 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Century Communities were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Century Communities by 56.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,008 shares of the construction company’s stock valued at $29,000 after acquiring an additional 728 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Century Communities in the fourth quarter worth $45,000. Whittier Trust Co. bought a new stake in Century Communities during the first quarter valued at $52,000. Point72 Hong Kong Ltd bought a new position in Century Communities in the 4th quarter worth about $85,000. Finally, First Mercantile Trust Co. grew its holdings in shares of Century Communities by 11.0% during the first quarter. First Mercantile Trust Co. now owns 6,099 shares of the construction company’s stock worth $88,000 after purchasing an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.
NYSE:CCS opened at $30.28 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.81 and a current ratio of 0.81. Century Communities Inc has a fifty-two week low of $9.04 and a fifty-two week high of $39.31. The firm has a market cap of $1.01 billion, a PE ratio of 7.69 and a beta of 1.93. The business has a 50 day moving average price of $28.77 and a 200-day moving average price of $26.47.
In related news, CFO David L. Messenger sold 35,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 132,688 shares in the company, valued at $4,242,035.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert J. Francescon sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $27.65, for a total value of $2,765,000.00. Following the transaction, the chief executive officer now owns 291,370 shares of the company’s stock, valued at approximately $8,056,380.50. The disclosure for this sale can be found here. Corporate insiders own 13.10% of the company’s stock.
CCS has been the topic of several research reports. TheStreet cut shares of Century Communities from a “b-” rating to a “c+” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. raised their price objective on Century Communities from $15.50 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Zacks Investment Research lowered shares of Century Communities from a “buy” rating to a “hold” rating in a report on Wednesday, June 17th. B. Riley lifted their target price on shares of Century Communities from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, ValuEngine downgraded shares of Century Communities from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Century Communities currently has a consensus rating of “Hold” and a consensus price target of $32.00.
Century Communities Company 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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