PNC Financial Services Group Inc. boosted its stake in Century Communities, Inc. (NYSE:CCS) by 118.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,188 shares of the construction company’s stock after buying an additional 2,816 shares during the period. PNC Financial Services Group Inc.’s holdings in Century Communities were worth $131,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in CCS. Wells Fargo & Company MN raised its stake in Century Communities by 200.0% in the first quarter. Wells Fargo & Company MN now owns 31,214 shares of the construction company’s stock valued at $793,000 after buying an additional 20,811 shares during the period. James Investment Research Inc. raised its stake in Century Communities by 0.4% in the first quarter. James Investment Research Inc. now owns 149,005 shares of the construction company’s stock valued at $3,785,000 after buying an additional 610 shares during the period. Thomson Horstmann & Bryant Inc. bought a new stake in shares of Century Communities during the first quarter worth $6,119,000. Dimensional Fund Advisors LP raised its stake in shares of Century Communities by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 580,406 shares of the construction company’s stock worth $12,189,000 after buying an additional 113,719 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in shares of Century Communities during the first quarter worth $1,270,000. Hedge funds and other institutional investors own 53.55% of the company’s stock.
Century Communities, Inc. (NYSE:CCS) traded down 3.46% during mid-day trading on Friday, reaching $22.30. 342,655 shares of the company’s stock traded hands. The stock’s 50 day moving average is $25.02 and its 200-day moving average is $24.99. Century Communities, Inc. has a 52 week low of $18.45 and a 52 week high of $28.05. The stock has a market capitalization of $501.73 million, a PE ratio of 9.37 and a beta of 1.02.
Century Communities (NYSE:CCS) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Century Communities had a net margin of 4.87% and a return on equity of 10.74%. The firm had revenue of $287.60 million for the quarter, compared to the consensus estimate of $305.38 million. During the same period in the prior year, the business earned $0.62 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Century Communities, Inc. will post $2.25 EPS for the current year.
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A number of equities research analysts recently weighed in on CCS shares. Citigroup Inc. reiterated a “buy” rating and set a $30.00 price objective on shares of Century Communities in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, April 25th. BidaskClub lowered shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $29.25.
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