Parametric Portfolio Associates LLC trimmed its position in Century Communities Inc (NYSE:CCS) by 3.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 46,974 shares of the construction company’s stock after selling 1,868 shares during the period. Parametric Portfolio Associates LLC owned 0.15% of Century Communities worth $1,249,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Century Communities by 153.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 85,158 shares of the construction company’s stock valued at $2,263,000 after acquiring an additional 51,561 shares during the last quarter. Arizona State Retirement System bought a new position in shares of Century Communities in the 2nd quarter valued at $1,138,000. Crossmark Global Holdings Inc. bought a new position in Century Communities during the 2nd quarter worth $482,000. Swiss National Bank raised its position in Century Communities by 13.1% during the 2nd quarter. Swiss National Bank now owns 47,566 shares of the construction company’s stock worth $1,264,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in Century Communities during the 2nd quarter worth $2,659,000. Institutional investors own 98.38% of the company’s stock.
In other news, insider John Scott Dixon sold 8,747 shares of Century Communities stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.22, for a total value of $238,093.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert J. Francescon sold 75,000 shares of Century Communities stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $27.77, for a total value of $2,082,750.00. Following the completion of the transaction, the chief executive officer now directly owns 326,280 shares of the company’s stock, valued at $9,060,795.60. The disclosure for this sale can be found here. 14.20% of the stock is owned by company insiders.
Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The business had revenue of $608.60 million during the quarter, compared to analyst estimates of $554.22 million. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. Century Communities’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. As a group, equities research analysts expect that Century Communities Inc will post 3.6 EPS for the current year.
Several research analysts recently issued reports on the company. B. Riley raised their target price on Century Communities from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $30.50 to $32.50 in a research report on Wednesday, September 11th. Wedbush raised their target price on Century Communities from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TheStreet raised Century Communities from a “c” rating to a “b-” rating in a research report on Monday, August 12th. Finally, ValuEngine lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.10.
About Century Communities
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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