Thomson Horstmann & Bryant Inc. Takes Position in Century Communities, Inc (CCS)

Thomson Horstmann & Bryant Inc. acquired a new position in Century Communities, Inc (NYSE:CCS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 240,920 shares of the construction company’s stock, valued at approximately $6,119,000. Thomson Horstmann & Bryant Inc. owned about 1.11% of Century Communities as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Boston Partners boosted its stake in shares of Century Communities by 17.5% in the third quarter. Boston Partners now owns 723,109 shares of the construction company’s stock worth $15,554,000 after buying an additional 107,608 shares during the period. Dimensional Fund Advisors LP boosted 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 period. Foresters Investment Management Company Inc. boosted its stake in shares of Century Communities by 6.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 403,000 shares of the construction company’s stock worth $8,322,000 after buying an additional 26,000 shares during the period. Basswood Capital Management L.L.C. boosted its stake in shares of Century Communities by 7.4% in the fourth quarter. Basswood Capital Management L.L.C. now owns 358,085 shares of the construction company’s stock worth $7,520,000 after buying an additional 24,735 shares during the period. Finally, Vertex One Asset Management Inc. boosted its stake in shares of Century Communities by 103.8% in the fourth quarter. Vertex One Asset Management Inc. now owns 319,071 shares of the construction company’s stock worth $6,700,000 after buying an additional 162,500 shares during the period. 63.57% of the stock is owned by institutional investors and hedge funds.

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

Century Communities, Inc (NYSE:CCS) traded down 0.093% on Friday, reaching $26.875. The company’s stock had a trading volume of 68,106 shares. The stock’s 50 day moving average price is $25.22 and its 200 day moving average price is $22.33. Century Communities, Inc has a 12 month low of $16.30 and a 12 month high of $27.65. The company has a market cap of $580.72 million, a P/E ratio of 11.534 and a beta of 1.09.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Tuesday, February 14th. The construction company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Century Communities had a net margin of 5.27% and a return on equity of 11.19%. The business had revenue of $292.40 million for the quarter, compared to analysts’ expectations of $270.36 million. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. Equities research analysts forecast that Century Communities, Inc will post $2.75 earnings per share for the current year.

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A number of equities research analysts recently commented on CCS shares. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Century Communities in a research note on Wednesday, February 15th. Finally, FBR & Co lifted their price objective on Century Communities from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.20.

5 Day Chart for NYSE:CCS

Want to see what other hedge funds are holding CCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Communities, Inc (NYSE:CCS).

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