Western Standard LLC Purchases Shares of 31,033 Century Communities, Inc. (CCS)

Western Standard LLC purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,033 shares of the construction company’s stock, valued at approximately $767,000. Century Communities comprises about 1.0% of Western Standard LLC’s portfolio, making the stock its 21st largest position. Western Standard LLC owned approximately 0.11% of Century Communities at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lyon Street Capital LLC boosted its position in Century Communities by 110.9% in the third quarter. Lyon Street Capital LLC now owns 149,670 shares of the construction company’s stock valued at $3,697,000 after buying an additional 78,711 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Century Communities by 6.5% in the third quarter. Allianz Asset Management GmbH now owns 85,324 shares of the construction company’s stock valued at $2,108,000 after buying an additional 5,179 shares during the last quarter. Signia Capital Management LLC boosted its position in Century Communities by 1.9% in the third quarter. Signia Capital Management LLC now owns 101,462 shares of the construction company’s stock valued at $2,506,000 after buying an additional 1,886 shares during the last quarter. Elk Creek Partners LLC boosted its position in Century Communities by 24.5% in the third quarter. Elk Creek Partners LLC now owns 391,838 shares of the construction company’s stock valued at $9,678,000 after buying an additional 77,035 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 buying an additional 285,856 shares during the last quarter. Institutional investors and hedge funds own 66.49% of the company’s stock.

A number of equities research analysts recently commented on CCS shares. FBR & Co reiterated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research report on Tuesday, October 3rd. Citigroup reiterated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research report on Tuesday, August 8th. B. Riley reiterated a “buy” rating on shares of Century Communities in a research report on Friday, November 3rd. Zacks Investment Research upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, BidaskClub lowered Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $30.50.

Shares of Century Communities, Inc. (NYSE CCS) traded down $0.25 during trading hours on Wednesday, reaching $30.25. The company’s stock had a trading volume of 223,400 shares, compared to its average volume of 190,842. Century Communities, Inc. has a one year low of $20.15 and a one year high of $31.90. The firm has a market capitalization of $840.98, a P/E ratio of 12.20 and a beta of 1.18. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating 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 company had revenue of $374.90 million during the quarter, compared to the consensus estimate of $409.42 million. During the same period in the previous year, the company posted $0.63 earnings per share. Century Communities’s revenue for the quarter was up 51.1% on a year-over-year basis. equities research analysts anticipate that Century Communities, Inc. will post 2.12 EPS for the current year.

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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.

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

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