California State Teachers Retirement System cut its position in shares of Century Communities Inc. (NYSE:CCS) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 31,770 shares of the company’s stock after selling 800 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Century Communities worth $551,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Century Communities by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 75,146 shares of the company’s stock valued at $1,303,000 after buying an additional 3,072 shares during the period. SignalPoint Asset Management LLC raised its stake in shares of Century Communities by 6.9% in the second quarter. SignalPoint Asset Management LLC now owns 30,840 shares of the company’s stock valued at $535,000 after buying an additional 1,981 shares during the last quarter. Northpointe Capital LLC acquired a new stake in shares of Century Communities during the second quarter valued at approximately $2,719,000. Bank of Montreal Can acquired a new stake in shares of Century Communities during the second quarter valued at approximately $1,504,000. Finally, Foundry Partners LLC raised its stake in shares of Century Communities by 11.6% in the second quarter. Foundry Partners LLC now owns 223,980 shares of the company’s stock valued at $3,884,000 after buying an additional 23,220 shares during the last quarter. 61.14% of the stock is currently owned by institutional investors and hedge funds.
Century Communities Inc. (NYSE:CCS) traded down 2.52% during trading on Friday, hitting $20.47. The stock had a trading volume of 49,036 shares. The firm has a market cap of $423.14 million, a P/E ratio of 9.69 and a beta of 0.99. Century Communities Inc. has a 12-month low of $13.11 and a 12-month high of $21.64. The stock’s 50 day moving average price is $20.32 and its 200 day moving average price is $18.46.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.08. The firm earned $257.20 million during the quarter, compared to the consensus estimate of $216.29 million. Century Communities had a return on equity of 10.86% and a net margin of 5.39%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. On average, analysts anticipate that Century Communities Inc. will post $2.43 EPS for the current fiscal year.
Several brokerages have commented on CCS. FBR & Co reissued an “outperform” rating on shares of Century Communities in a report on Tuesday, September 27th. Wedbush began coverage on Century Communities in a report on Monday, September 19th. They issued an “outperform” rating and a $30.00 price objective on the stock. Finally, Citigroup Inc. began coverage on Century Communities in a report on Thursday, September 1st. They issued a “buy” rating and a $23.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $23.25.
In other Century Communities news, insider Robert J. Francescon sold 71,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $19.99, for a total transaction of $1,424,287.50. Following the transaction, the insider now owns 435,504 shares in the company, valued at approximately $8,705,724.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dale Francescon sold 67,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $20.00, for a total value of $1,345,000.00. Following the transaction, the insider now owns 435,504 shares in the company, valued at approximately $8,710,080. The disclosure for this sale can be found here. Company insiders own 28.73% of the company’s stock.
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