Sit Investment Associates Inc. Sells 700 Shares of Century Communities, Inc. (NYSE:CCS)

Sit Investment Associates Inc. reduced its position in shares of Century Communities, Inc. (NYSE:CCS) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,700 shares of the construction company’s stock after selling 700 shares during the period. Sit Investment Associates Inc. owned approximately 0.16% of Century Communities worth $861,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Century Communities by 6.9% in the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock worth $110,000 after buying an additional 278 shares during the period. PNC Financial Services Group Inc. increased its position in shares of 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 worth $131,000 after buying an additional 2,816 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Century Communities by 45.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,950 shares of the construction company’s stock worth $125,000 after buying an additional 1,850 shares during the period. Nordea Investment Management AB acquired a new position in shares of Century Communities during the first quarter worth about $178,000. Finally, Trexquant Investment LP acquired a new position in shares of Century Communities during the first quarter worth about $201,000. Hedge funds and other institutional investors own 53.55% of the company’s stock.

Century Communities, Inc. (NYSE CCS) traded down 3.46% on Friday, hitting $22.30. The stock had a trading volume of 342,655 shares. The firm has a 50-day moving average of $25.02 and a 200 day moving average of $24.99. Century Communities, Inc. has a 52 week low of $18.45 and a 52 week high of $28.05. The company has a market capitalization of $501.73 million, a price-to-earnings ratio of 9.37 and a beta of 1.02.

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

ILLEGAL ACTIVITY NOTICE: “Sit Investment Associates Inc. Sells 700 Shares of Century Communities, Inc. (NYSE:CCS)” was first posted by BNB Daily and is the sole property of of BNB Daily. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.baseball-news-blog.com/2017/08/19/sit-investment-associates-inc-sells-700-shares-of-century-communities-inc-nyseccs-updated-updated-updated.html.

Several research firms have recently weighed in on CCS. BidaskClub downgraded Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Citigroup Inc. reiterated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, August 8th. ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $29.25.

Institutional Ownership by Quarter for Century Communities (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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply