Cubist Systematic Strategies LLC bought a new stake in shares of Century Communities, Inc (NYSE:CCS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,049 shares of the construction company’s stock, valued at approximately $224,000.

Several other hedge funds have also added to or reduced their stakes in CCS. Rhumbline Advisers lifted its holdings in shares of Century Communities by 13.6% during the second quarter. Rhumbline Advisers now owns 19,961 shares of the construction company’s stock valued at $495,000 after purchasing an additional 2,389 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Century Communities by 14.1% during the second quarter. Bank of New York Mellon Corp now owns 118,056 shares of the construction company’s stock valued at $2,927,000 after purchasing an additional 14,573 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Century Communities during the second quarter valued at approximately $548,000. Victory Capital Management Inc. lifted its holdings in shares of Century Communities by 5.6% during the second quarter. Victory Capital Management Inc. now owns 59,052 shares of the construction company’s stock valued at $1,464,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Century Communities by 72.7% during the second quarter. Prudential Financial Inc. now owns 140,246 shares of the construction company’s stock valued at $3,478,000 after purchasing an additional 59,056 shares during the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. B. Riley restated a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. Wedbush restated an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. Finally, FBR & Co restated a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a report on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Century Communities presently has a consensus rating of “Buy” and an average target price of $35.17.

Century Communities, Inc (NYSE:CCS) opened at $35.10 on Wednesday. Century Communities, Inc has a 1-year low of $20.30 and a 1-year high of $36.00. The firm has a market cap of $978.85, a P/E ratio of 16.56 and a beta of 1.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The company had revenue of $374.90 million during the quarter, compared to analyst estimates of $409.42 million. During the same period in the previous year, the business earned $0.63 EPS. The firm’s revenue for the quarter was up 51.1% on a year-over-year basis. analysts anticipate that Century Communities, Inc will post 2.12 earnings per share 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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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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