Cider Mill Investments LP acquired a new stake in shares of Century Communities, Inc (NYSE:CCS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 303,091 shares of the construction company’s stock, valued at approximately $9,426,000. Century Communities comprises about 3.8% of Cider Mill Investments LP’s portfolio, making the stock its 12th largest holding. Cider Mill Investments LP owned about 1.10% of Century Communities at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CCS. Hodges Capital Management Inc. purchased a new stake in shares of Century Communities in the fourth quarter valued at $32,024,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Century Communities in the fourth quarter valued at $12,918,000. Atalan Capital Partners LP purchased a new stake in shares of Century Communities in the fourth quarter valued at $11,967,000. Boston Partners lifted its holdings in shares of 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 in the last quarter. Finally, Oaktree Capital Management LP lifted its holdings in shares of Century Communities by 23.8% in the fourth quarter. Oaktree Capital Management LP now owns 1,819,003 shares of the construction company’s stock valued at $56,570,000 after purchasing an additional 350,000 shares in the last quarter. Institutional investors own 79.01% of the company’s stock.
Century Communities, Inc (NYSE CCS) opened at $31.05 on Tuesday. Century Communities, Inc has a one year low of $21.90 and a one year high of $36.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market cap of $910.71, a price-to-earnings ratio of 10.98 and a beta of 1.13.
A number of analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $42.00 target price on shares of Century Communities in a report on Wednesday, February 14th. Deutsche Bank upped their price target on shares of Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. B. Riley reaffirmed a “buy” rating and issued a $41.00 price target on shares of Century Communities in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Wednesday, January 3rd. Finally, ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 17th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Century Communities presently has a consensus rating of “Buy” and an average target price of $36.64.
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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.
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