Philadelphia Financial Management of San Francisco LLC lowered its stake in shares of Century Communities, Inc (NYSE:CCS) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,642 shares of the construction company’s stock after selling 110,867 shares during the quarter. Century Communities comprises about 2.5% of Philadelphia Financial Management of San Francisco LLC’s holdings, making the stock its 17th largest position. Philadelphia Financial Management of San Francisco LLC owned 1.98% of Century Communities worth $17,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of CCS. Hodges Capital Management Inc. acquired a new stake in Century Communities in the fourth quarter valued at approximately $32,024,000. UBS Asset Management Americas Inc. purchased a new position in shares of Century Communities during the 4th quarter valued at approximately $12,918,000. Atalan Capital Partners LP purchased a new position in shares of Century Communities during the 4th quarter valued at approximately $11,967,000. Boston Partners boosted its stake in shares of Century Communities by 107.5% during 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 during the last quarter. Finally, Oaktree Capital Management LP boosted its stake in shares of Century Communities by 23.8% during the 4th quarter. Oaktree Capital Management LP now owns 1,819,003 shares of the construction company’s stock valued at $56,570,000 after buying an additional 350,000 shares during the last quarter. 79.01% of the stock is owned by institutional investors.
Several research firms have recently commented on CCS. ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. B. Riley reiterated a “buy” rating and set a $41.00 target price on shares of Century Communities in a research note on Wednesday, January 3rd. Deutsche Bank increased their target price on Century Communities from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, January 3rd. Finally, Wedbush raised their price objective on Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $36.64.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.40. Century Communities had a return on equity of 11.79% and a net margin of 3.55%. The firm had revenue of $518.79 million for the quarter, compared to analysts’ expectations of $507.29 million. sell-side analysts predict that Century Communities, Inc will post 3.69 EPS 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.
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