Century Communities, Inc (CCS) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of Century Communities, Inc (NYSE:CCS) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,289 shares of the construction company’s stock after acquiring an additional 4,233 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.44% of Century Communities worth $3,020,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Century Communities by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 892,840 shares of the construction company’s stock valued at $22,142,000 after acquiring an additional 175,217 shares in the last quarter. Boston Partners grew its stake in shares of Century Communities by 107.5% in the 3rd quarter. Boston Partners now owns 705,530 shares of the construction company’s stock valued at $17,427,000 after buying an additional 365,540 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Century Communities by 10.0% in the 2nd quarter. Vanguard Group Inc. now owns 701,673 shares of the construction company’s stock valued at $17,401,000 after buying an additional 63,732 shares in the last quarter. Peregrine Capital Management LLC grew its stake in shares of Century Communities by 26.9% in the 3rd quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock valued at $11,972,000 after buying an additional 102,878 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Century Communities by 15.4% in the 2nd quarter. State Street Corp now owns 346,783 shares of the construction company’s stock valued at $8,596,000 after buying an additional 46,200 shares in the last quarter. 66.30% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the company. Zacks Investment Research raised Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday. ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. B. Riley reissued a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. Wedbush reissued an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Finally, FBR & Co reissued a “buy” rating and issued a $30.00 price target on shares of Century Communities in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $35.17.

Shares of Century Communities, Inc (NYSE:CCS) opened at $34.45 on Friday. The company has a market capitalization of $938.87, a P/E ratio of 16.25 and a beta of 1.17. Century Communities, Inc has a 12 month low of $20.30 and a 12 month high of $34.60. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19.

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

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

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