First Mercantile Trust Co. Buys 2,239 Shares of Century Communities Inc (CCS)

First Mercantile Trust Co. increased its stake in Century Communities Inc (NYSE:CCS) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,753 shares of the construction company’s stock after purchasing an additional 2,239 shares during the quarter. First Mercantile Trust Co.’s holdings in Century Communities were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Century Communities by 176.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,228 shares during the period. Teachers Advisors LLC raised its holdings in Century Communities by 2.6% in the 3rd quarter. Teachers Advisors LLC now owns 88,347 shares of the construction company’s stock worth $2,319,000 after purchasing an additional 2,264 shares during the period. Laurion Capital Management LP raised its holdings in Century Communities by 7.2% in the 3rd quarter. Laurion Capital Management LP now owns 38,987 shares of the construction company’s stock worth $1,023,000 after purchasing an additional 2,635 shares during the period. Thomson Horstmann & Bryant Inc. raised its holdings in Century Communities by 1.0% in the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 298,622 shares of the construction company’s stock worth $7,838,000 after purchasing an additional 2,985 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Century Communities by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 225,091 shares of the construction company’s stock worth $5,908,000 after purchasing an additional 4,103 shares during the period. 82.83% of the stock is currently owned by institutional investors.

NYSE:CCS opened at $24.60 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.94. The stock has a market cap of $705.30 million, a price-to-earnings ratio of 6.24 and a beta of 1.58. Century Communities Inc has a 52 week low of $16.35 and a 52 week high of $35.50.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, February 7th. The construction company reported $1.11 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.01). The business had revenue of $640.19 million for the quarter, compared to the consensus estimate of $642.07 million. Century Communities had a net margin of 4.49% and a return on equity of 14.91%. Century Communities’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. As a group, analysts predict that Century Communities Inc will post 4.26 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. Wedbush cut Century Communities from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $24.00 in a report on Friday, February 8th. ValuEngine raised Century Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. B. Riley decreased their target price on Century Communities from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, November 7th. Finally, TheStreet cut Century Communities from a “b-” rating to a “c” rating in a report on Monday, November 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.70.

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Century Communities Company Profile

Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, and Southeast. The West segment refers to Southern California, Central Valley, Bay Area and Washington.

Further Reading: What is the LIBOR?

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

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