State of New Jersey Common Pension Fund D acquired a new position in Century Communities, Inc. (NYSE:CCS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,245 shares of the construction company’s stock, valued at approximately $302,000. State of New Jersey Common Pension Fund D owned about 0.05% of Century Communities as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of CCS. Legal & General Group Plc lifted its holdings in shares of Century Communities by 6.9% in the 1st quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock worth $110,000 after acquiring an additional 278 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Century Communities by 118.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock worth $131,000 after acquiring an additional 2,816 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Century Communities in the 2nd quarter worth approximately $216,000. Nordea Investment Management AB lifted its holdings in shares of Century Communities by 31.4% in the 2nd quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock worth $228,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Century Communities in the 2nd quarter worth approximately $235,000. Hedge funds and other institutional investors own 59.45% of the company’s stock.
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Several equities analysts have recently commented on CCS shares. J P Morgan Chase & Co upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $32.00 in a report on Thursday, September 14th. Zacks Investment Research lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Wedbush restated an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. FBR & Co restated a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a report on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.50.
Shares of Century Communities, Inc. (NYSE:CCS) opened at $29.45 on Friday. The stock has a market cap of $800.75, a P/E ratio of 11.78 and a beta of 1.13. Century Communities, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $30.16. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 1.49.
Century Communities (NYSE:CCS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.30. The company had revenue of $374.90 million for the quarter, compared to analyst estimates of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 11.54%. The firm’s quarterly revenue was up 51.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. equities analysts predict that Century Communities, Inc. will post 2.05 earnings per share for the current 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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