IndexIQ Advisors LLC Purchases 15,498 Shares of Century Communities, Inc. (CCS)
IndexIQ Advisors LLC boosted its position in Century Communities, Inc. (NYSE:CCS) by 83.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,125 shares of the construction company’s stock after purchasing an additional 15,498 shares during the quarter. IndexIQ Advisors LLC owned about 0.15% of Century Communities worth $843,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCS. Legal & General Group Plc raised its stake in Century Communities by 6.9% in the 1st quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after purchasing an additional 278 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Century Communities by 118.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock valued at $131,000 after purchasing an additional 2,816 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Century Communities in the 2nd quarter valued at $216,000. Nordea Investment Management AB raised its stake in Century Communities by 31.4% in the 2nd quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock valued at $228,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in Century Communities in the 2nd quarter valued at $235,000. 59.52% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. B. Riley reissued a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. Citigroup Inc. reaffirmed a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research note on Tuesday, August 8th. BidaskClub downgraded Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. FBR & Co reaffirmed a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research note on Tuesday, October 3rd. Finally, Wedbush reaffirmed an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.50.
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Shares of Century Communities, Inc. (NYSE:CCS) opened at $28.50 on Monday. Century Communities, Inc. has a 52 week low of $19.65 and a 52 week high of $30.16. The stock has a market capitalization of $785.84, a price-to-earnings ratio of 11.40 and a beta of 1.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19.
Century Communities (NYSE:CCS) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The business had revenue of $374.90 million during the quarter, compared to the consensus estimate of $409.42 million. During the same period last year, the company earned $0.63 EPS. The company’s revenue for the quarter was up 51.1% on a year-over-year basis. sell-side analysts anticipate that Century Communities, Inc. will post 2.11 earnings per share for the current fiscal year.
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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