Royal Bank of Canada lessened its holdings in Century Communities, Inc. (NYSE:CCS) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,142 shares of the construction company’s stock after selling 2,171 shares during the period. Royal Bank of Canada owned 0.21% of Century Communities worth $1,169,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Alps Advisors Inc. raised its position in shares of Century Communities by 0.3% in the second quarter. Alps Advisors Inc. now owns 19,586 shares of the construction company’s stock worth $486,000 after buying an additional 51 shares in the last quarter. Legal & General Group Plc raised its position in shares of Century Communities by 6.9% in the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock worth $110,000 after buying an additional 278 shares in the last quarter. American International Group Inc. raised its position in shares of Century Communities by 7.2% in the first quarter. American International Group Inc. now owns 9,383 shares of the construction company’s stock worth $238,000 after buying an additional 633 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Century Communities by 12.2% in the second quarter. Voya Investment Management LLC now owns 11,407 shares of the construction company’s stock worth $283,000 after buying an additional 1,236 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Century Communities by 31.4% in the second quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock worth $228,000 after buying an additional 2,200 shares in the last quarter. Institutional investors own 59.45% of the company’s stock.

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CCS has been the topic of a number of recent analyst reports. Citigroup Inc reiterated a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a research report on Tuesday, August 8th. BidaskClub downgraded Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co upgraded Century Communities from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $28.00 to $32.00 in a research report on Thursday, September 14th. Wedbush reissued an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Finally, FBR & Co reissued a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $30.50.

Century Communities, Inc. (CCS) opened at $29.45 on Friday. The company has a market cap of $753.15 million, a P/E ratio of 11.08 and a beta of 1.13. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.98 and a quick ratio of 3.98.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.30. The business had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $409.42 million. Century Communities had a return on equity of 11.54% and a net margin of 4.03%. Century Communities’s quarterly revenue was up 51.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. equities analysts anticipate that Century Communities, Inc. will post 2.08 earnings per share for the current fiscal year.

Century Communities 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.

Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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