Century Communities, Inc. (NYSE:CCS) Position Increased by Legato Capital Management LLC

Legato Capital Management LLC increased its position in shares of Century Communities, Inc. (NYSE:CCS) by 890.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,554 shares of the construction company’s stock after buying an additional 13,084 shares during the period. Legato Capital Management LLC owned 0.07% of Century Communities worth $361,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCS. State Street Corp increased its position in Century Communities by 6.2% in the fourth quarter. State Street Corp now owns 292,597 shares of the construction company’s stock worth $6,147,000 after buying an additional 17,058 shares during the period. Dimensional Fund Advisors LP increased its position 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. Renaissance Technologies LLC increased its position in shares of Century Communities by 107.9% in the fourth quarter. Renaissance Technologies LLC now owns 127,000 shares of the construction company’s stock worth $2,667,000 after buying an additional 65,900 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Century Communities during the fourth quarter worth about $409,000. Finally, AQR Capital Management LLC increased its position in shares of Century Communities by 128.7% in the fourth quarter. AQR Capital Management LLC now owns 32,032 shares of the construction company’s stock worth $673,000 after buying an additional 18,027 shares during the last quarter. 53.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of 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. Century Communities, Inc. has a one year low of $18.45 and a one year high of $28.05. The firm’s 50-day moving average is $25.02 and its 200 day moving average is $24.99. The firm has a market cap of $501.73 million, a price-to-earnings ratio of 9.37 and a beta of 1.02.

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

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A number of brokerages have recently issued reports on CCS. BidaskClub downgraded shares of Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Citigroup Inc. reissued a “buy” rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday, August 8th. ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Century Communities currently has an average rating of “Buy” and a consensus target price of $29.25.

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

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