4,803 Shares in Century Communities Inc (NYSE:CCS) Bought by Advisor Group Holdings Inc.

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Advisor Group Holdings Inc. acquired a new position in shares of Century Communities Inc (NYSE:CCS) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 4,803 shares of the construction company’s stock, valued at approximately $67,000.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Century Communities by 56.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,008 shares of the construction company’s stock worth $29,000 after purchasing an additional 728 shares during the last quarter. Whittier Trust Co. acquired a new position in Century Communities during the first quarter worth $52,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Century Communities by 333.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,880 shares of the construction company’s stock worth $106,000 after purchasing an additional 2,985 shares during the last quarter. First Mercantile Trust Co. raised its holdings in Century Communities by 11.0% during the first quarter. First Mercantile Trust Co. now owns 6,099 shares of the construction company’s stock worth $88,000 after purchasing an additional 606 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Century Communities by 8.9% during the first quarter. BNP Paribas Arbitrage SA now owns 8,250 shares of the construction company’s stock worth $120,000 after purchasing an additional 672 shares during the last quarter. 92.40% of the stock is owned by hedge funds and other institutional investors.

CCS has been the subject of a number of analyst reports. B. Riley boosted their price target on Century Communities from $38.00 to $46.00 in a report on Wednesday. Wedbush lifted their price objective on Century Communities from $31.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Investment Research raised Century Communities from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their price target on Century Communities from $15.50 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Century Communities currently has a consensus rating of “Hold” and an average target price of $36.00.

In other news, CEO Robert J. Francescon sold 100,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $27.65, for a total transaction of $2,765,000.00. Following the completion of the sale, the chief executive officer now owns 291,370 shares in the company, valued at approximately $8,056,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David L. Messenger sold 35,000 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.97, for a total value of $1,118,950.00. Following the completion of the sale, the chief financial officer now owns 132,688 shares of the company’s stock, valued at approximately $4,242,035.36. The disclosure for this sale can be found here. Corporate insiders own 13.10% of the company’s stock.

NYSE:CCS opened at $35.62 on Friday. Century Communities Inc has a 52 week low of $9.04 and a 52 week high of $39.31. The firm has a market capitalization of $1.19 billion, a PE ratio of 8.33 and a beta of 1.93. The stock has a 50 day moving average of $31.77 and a 200-day moving average of $27.25. The company has a current ratio of 1.41, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.48. Century Communities had a return on equity of 13.57% and a net margin of 5.25%. The business had revenue of $776.44 million during the quarter, compared to analyst estimates of $572.70 million. As a group, analysts predict that Century Communities Inc will post 3.9 EPS for the current fiscal year.

Century Communities Company Profile

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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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).

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

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