Russell Investments Group Ltd. increased its stake in shares of Century Communities, Inc. (NYSE:CCS) by 92.4% during the second quarter, Holdings Channel reports. The firm owned 509,298 shares of the construction company’s stock after buying an additional 244,629 shares during the period. Russell Investments Group Ltd.’s holdings in Century Communities were worth $12,630,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc raised its position in Century Communities by 6.9% in the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after buying an additional 278 shares during the period. PNC Financial Services Group Inc. raised its position in Century Communities by 118.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock valued at $131,000 after buying an additional 2,816 shares during the period. Nordea Investment Management AB bought a new position in Century Communities during the first quarter valued at about $178,000. Trexquant Investment LP bought a new position in Century Communities during the first quarter valued at about $201,000. Finally, American International Group Inc. raised its position in Century Communities by 7.2% in the first quarter. American International Group Inc. now owns 9,383 shares of the construction company’s stock valued at $238,000 after buying an additional 633 shares during the period. Institutional investors own 66.75% of the company’s stock.

Shares of Century Communities, Inc. (NYSE CCS) traded down 0.22% during midday trading on Friday, hitting $23.00. The stock had a trading volume of 252,838 shares. Century Communities, Inc. has a one year low of $18.45 and a one year high of $28.05. The stock has a market cap of $517.48 million, a PE ratio of 9.66 and a beta of 1.02. The firm has a 50 day moving average price of $25.18 and a 200 day moving average price of $24.99.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $287.60 million during the quarter, compared to analyst estimates of $305.38 million. Century Communities had a net margin of 4.87% and a return on equity of 10.74%. Century Communities’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. On average, equities analysts forecast that Century Communities, Inc. will post $2.25 earnings per share for the current fiscal year.

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CCS has been the topic of several analyst reports. Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, April 25th. Citigroup Inc. reiterated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research note on Tuesday. BidaskClub lowered Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday. FBR & Co reiterated an “outperform” rating and issued a $27.00 target price on shares of Century Communities in a research note on Monday, April 17th. Finally, ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $29.25.

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

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