James Investment Research Inc. lowered its stake in Century Communities, Inc. (NYSE:CCS) by 26.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 109,665 shares of the construction company’s stock after selling 39,340 shares during the period. James Investment Research Inc. owned about 0.50% of Century Communities worth $2,720,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Century Communities by 12.8% in the first quarter. Bank of New York Mellon Corp now owns 103,483 shares of the construction company’s stock valued at $2,628,000 after buying an additional 11,706 shares in the last quarter. LSV Asset Management boosted its position in shares of Century Communities by 89.4% in the first quarter. LSV Asset Management now owns 21,400 shares of the construction company’s stock valued at $543,000 after buying an additional 10,100 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Century Communities by 200.0% in the first quarter. Wells Fargo & Company MN now owns 31,214 shares of the construction company’s stock valued at $793,000 after buying an additional 20,811 shares in the last quarter. Thomson Horstmann & Bryant Inc. purchased a new position in shares of Century Communities during the first quarter valued at about $6,119,000. Finally, Legato Capital Management LLC boosted its position in shares of Century Communities by 2,440.0% in the first quarter. Legato Capital Management LLC now owns 37,338 shares of the construction company’s stock valued at $1,470,000 after buying an additional 35,868 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Century Communities, Inc. (CCS) traded down 0.22% on Friday, reaching $23.00. The company had a trading volume of 252,838 shares. Century Communities, Inc. has a 52-week low of $18.45 and a 52-week high of $28.05. The firm has a market capitalization of $517.48 million, a PE ratio of 9.66 and a beta of 1.02. The company has a 50-day moving average price of $25.23 and a 200-day moving average price of $24.98.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $287.60 million during the quarter, compared to analyst estimates of $305.38 million. Century Communities had a net margin of 4.87% and a return on equity of 10.74%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. Equities research analysts forecast that Century Communities, Inc. will post $2.25 EPS for the current fiscal year.
CCS has been the subject of a number of analyst reports. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. FBR & Co reissued an “outperform” rating and issued a $27.00 price target on shares of Century Communities in a report on Monday, April 17th. ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Citigroup Inc. reiterated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research note on Tuesday. Finally, BidaskClub downgraded Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.25.
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