Basswood Capital Management L.L.C. lowered its position in Century Communities Inc (NYSE:CCS) by 51.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,426 shares of the construction company’s stock after selling 434,079 shares during the quarter. Basswood Capital Management L.L.C. owned 1.33% of Century Communities worth $7,084,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Century Communities by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 13,967 shares of the construction company’s stock valued at $241,000 after buying an additional 544 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Century Communities by 176.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock valued at $33,000 after buying an additional 1,228 shares in the last quarter. Shoals Capital Management LP purchased a new position in shares of Century Communities in the fourth quarter valued at $25,000. B. Riley Financial Inc. increased its position in shares of Century Communities by 9.4% in the fourth quarter. B. Riley Financial Inc. now owns 25,503 shares of the construction company’s stock valued at $440,000 after buying an additional 2,199 shares in the last quarter. Finally, First Mercantile Trust Co. increased its position in shares of Century Communities by 49.6% in the fourth quarter. First Mercantile Trust Co. now owns 6,753 shares of the construction company’s stock valued at $117,000 after buying an additional 2,239 shares in the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.
CCS opened at $23.46 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.91. The firm has a market cap of $714.70 million, a P/E ratio of 5.95 and a beta of 1.55. 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 data on Thursday, February 7th. The construction company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.01). The company had revenue of $640.19 million for the quarter, compared to analyst estimates of $642.07 million. Century Communities had a net margin of 4.49% and a return on equity of 14.64%. The firm’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Equities analysts predict that Century Communities Inc will post 3.28 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on CCS. Zelman & Associates upgraded Century Communities from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. ValuEngine cut Century Communities from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. TheStreet upgraded Century Communities from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. Wedbush cut Century Communities from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $24.00 in a research report on Friday, February 8th. Finally, Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently 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 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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