Bank of New York Mellon Corp raised its holdings in shares of Century Communities Inc (NYSE:CCS) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,736 shares of the construction company’s stock after buying an additional 43,645 shares during the quarter. Bank of New York Mellon Corp’s holdings in Century Communities were worth $4,638,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Century Communities by 176.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock worth $33,000 after buying an additional 1,228 shares in the last quarter. First Mercantile Trust Co. grew its holdings in shares of Century Communities by 49.6% during the fourth quarter. First Mercantile Trust Co. now owns 6,753 shares of the construction company’s stock worth $117,000 after buying an additional 2,239 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Century Communities during the fourth quarter worth $136,000. Victory Capital Management Inc. grew its holdings in shares of Century Communities by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 13,967 shares of the construction company’s stock worth $241,000 after buying an additional 544 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Century Communities during the fourth quarter worth $329,000. 90.09% of the stock is owned by institutional investors and hedge funds.
Shares of CCS opened at $25.62 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.91. Century Communities Inc has a 12-month low of $16.35 and a 12-month high of $35.50. The stock has a market capitalization of $780.23 million, a P/E ratio of 6.50 and a beta of 1.56.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, February 7th. The construction company reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.01). Century Communities had a net margin of 4.49% and a return on equity of 14.64%. The firm had revenue of $640.19 million during the quarter, compared to analysts’ expectations of $642.07 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. Equities research analysts anticipate that Century Communities Inc will post 3.28 EPS for the current year.
CCS has been the subject of a number of research reports. Zelman & Associates raised shares of Century Communities from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. ValuEngine raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Wedbush lowered shares of Century Communities from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $26.00 to $24.00 in a report on Friday, February 8th. Finally, TheStreet raised shares of Century Communities from a “c” rating to a “b-” rating in a report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.70.
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Century Communities Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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