Parametric Portfolio Associates LLC Has $2.91 Million Holdings in Century Communities, Inc. (CCS)
Parametric Portfolio Associates LLC lowered its stake in Century Communities, Inc. (NYSE:CCS) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,177 shares of the construction company’s stock after selling 21,839 shares during the period. Parametric Portfolio Associates LLC owned about 0.53% of Century Communities worth $2,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc raised its position 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 in the last quarter. PNC Financial Services Group Inc. raised its position 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 in the last quarter. Alliancebernstein L.P. acquired a new stake in Century Communities in the 2nd quarter valued at about $216,000. Nordea Investment Management AB raised its position 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 in the last quarter. Finally, American International Group Inc. raised its position in Century Communities by 7.2% in the 1st quarter. American International Group Inc. now owns 9,383 shares of the construction company’s stock valued at $238,000 after purchasing an additional 633 shares in the last quarter. 59.45% of the stock is currently owned by institutional investors.
Shares of Century Communities, Inc. (NYSE CCS) opened at $29.45 on Friday. The stock has a market capitalization of $753.15 million, a price-to-earnings ratio of 11.08 and a beta of 1.13. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 1.49.
Century Communities (NYSE:CCS) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.30. Century Communities had a return on equity of 11.54% and a net margin of 4.03%. The business had revenue of $374.90 million for the quarter, compared to analyst estimates of $409.42 million. During the same quarter last year, the company earned $0.63 EPS. The business’s quarterly revenue was up 51.1% on a year-over-year basis. research analysts anticipate that Century Communities, Inc. will post 2.08 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Parametric Portfolio Associates LLC Has $2.91 Million Holdings in Century Communities, Inc. (CCS)” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/parametric-portfolio-associates-llc-has-2-91-million-holdings-in-century-communities-inc-ccs/1677502.html.
Several equities research analysts have recently weighed in on the company. J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $32.00 in a research report on Thursday, September 14th. Zacks Investment Research lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Wedbush reissued an “outperform” rating on shares of Century Communities in a research report on Saturday, September 16th. FBR & Co reissued a “buy” rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $30.50.
Century Communities Company 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.
Want to see what other hedge funds are holding CCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Communities, Inc. (NYSE:CCS).
Receive News & Ratings for Century Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.