Signia Capital Management LLC Increases Stake in Century Communities, Inc. (CCS)

Signia Capital Management LLC increased its position in shares of Century Communities, Inc. (NYSE:CCS) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,462 shares of the construction company’s stock after buying an additional 1,886 shares during the period. Century Communities comprises approximately 2.6% of Signia Capital Management LLC’s holdings, making the stock its 20th largest holding. Signia Capital Management LLC owned about 0.37% of Century Communities worth $2,506,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Boston Partners grew its stake in Century Communities by 107.5% in the third quarter. Boston Partners now owns 705,530 shares of the construction company’s stock valued at $17,427,000 after purchasing an additional 365,540 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Century Communities by 32.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock valued at $29,114,000 after purchasing an additional 285,856 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Century Communities by 92.4% in the second quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock valued at $12,630,000 after purchasing an additional 244,629 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new position in Century Communities in the third quarter valued at about $3,705,000. Finally, Peregrine Capital Management LLC grew its stake in Century Communities by 26.9% in the third quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock valued at $11,972,000 after purchasing an additional 102,878 shares during the last quarter. Hedge funds and other institutional investors own 66.49% of the company’s stock.

CCS has been the topic of several analyst reports. Zacks Investment Research lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. J P Morgan Chase & Co upgraded Century Communities from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $32.00 in a research note on Thursday, September 14th. FBR & Co restated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, October 3rd. Wedbush restated an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Finally, Citigroup restated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Century Communities has an average rating of “Buy” and an average target price of $30.50.

Shares of Century Communities, Inc. (NYSE:CCS) opened at $30.65 on Monday. 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, Inc. has a twelve month low of $19.65 and a twelve month high of $31.90. The company has a market capitalization of $845.12, a PE ratio of 12.26 and a beta of 1.18.

Century Communities (NYSE:CCS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.30. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The firm had revenue of $374.90 million during the quarter, compared to the consensus estimate of $409.42 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue was up 51.1% compared to the same quarter last year. analysts expect that Century Communities, Inc. will post 2.12 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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