Comerica Bank purchased a new position in shares of Century Communities Inc (NYSE:CCS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,510 shares of the construction company’s stock, valued at approximately $697,000. Comerica Bank owned approximately 0.08% of Century Communities at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearbridge Investments LLC bought a new stake in Century Communities during the first quarter valued at about $25,000. Rhumbline Advisers raised its stake in shares of Century Communities by 3.6% in the first quarter. Rhumbline Advisers now owns 37,556 shares of the construction company’s stock worth $900,000 after purchasing an additional 1,303 shares during the last quarter. First Dallas Securities Inc. raised its stake in shares of Century Communities by 24.7% in the first quarter. First Dallas Securities Inc. now owns 15,150 shares of the construction company’s stock worth $363,000 after purchasing an additional 3,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Century Communities in the first quarter worth about $100,000. Finally, Aperio Group LLC raised its stake in shares of Century Communities by 15.8% in the second quarter. Aperio Group LLC now owns 31,643 shares of the construction company’s stock worth $841,000 after purchasing an additional 4,313 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CCS traded down $0.08 on Friday, reaching $29.84. The company’s stock had a trading volume of 36,702 shares, compared to its average volume of 205,285. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.99. The firm has a market cap of $846.19 million, a price-to-earnings ratio of 7.57 and a beta of 1.25. Century Communities Inc has a 12-month low of $16.35 and a 12-month high of $30.25. The stock has a 50 day moving average price of $27.53 and a 200 day moving average price of $26.26.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. The firm had revenue of $608.60 million for the quarter, compared to the consensus estimate of $554.22 million. During the same quarter in the previous year, the business earned $1.21 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that Century Communities Inc will post 3.6 EPS for the current fiscal year.
In other news, CEO Robert J. Francescon sold 75,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $27.77, for a total transaction of $2,082,750.00. Following the sale, the chief executive officer now owns 326,280 shares in the company, valued at $9,060,795.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Scott Dixon sold 8,747 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.22, for a total value of $238,093.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,747 shares of company stock valued at $4,925,843. Insiders own 14.20% of the company’s stock.
Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 1st. ValuEngine raised Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. TheStreet raised Century Communities from a “c” rating to a “b-” rating in a report on Monday, August 12th. Wedbush raised their price objective on Century Communities from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $30.50 to $32.50 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $34.63.
About Century Communities
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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