Century Communities Inc (NYSE:CCS) Stock Position Trimmed by Q Global Advisors LLC

Share on StockTwits

Q Global Advisors LLC lessened its position in shares of Century Communities Inc (NYSE:CCS) by 51.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 293,942 shares of the construction company’s stock after selling 315,960 shares during the quarter. Century Communities accounts for 7.9% of Q Global Advisors LLC’s portfolio, making the stock its 4th largest position. Q Global Advisors LLC owned approximately 0.97% of Century Communities worth $7,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Century Communities by 82.3% in the second quarter. BlackRock Inc. now owns 4,671,673 shares of the construction company’s stock worth $124,172,000 after buying an additional 2,109,664 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Century Communities by 32.1% in the second quarter. Vanguard Group Inc. now owns 1,684,946 shares of the construction company’s stock worth $44,785,000 after buying an additional 409,852 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Century Communities by 49.6% in the second quarter. Bank of New York Mellon Corp now owns 885,587 shares of the construction company’s stock worth $23,539,000 after buying an additional 293,681 shares during the last quarter. Castleark Management LLC purchased a new stake in shares of Century Communities in the second quarter worth about $5,166,000. Finally, Invesco Ltd. boosted its stake in shares of Century Communities by 224.1% in the second quarter. Invesco Ltd. now owns 217,333 shares of the construction company’s stock worth $5,777,000 after buying an additional 150,268 shares during the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.

In related news, insider John Scott Dixon sold 8,747 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert J. Francescon sold 75,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $27.77, for a total value of $2,082,750.00. Following the transaction, the chief executive officer now directly owns 326,280 shares of the company’s stock, valued at approximately $9,060,795.60. The disclosure for this sale can be found here. Insiders sold a total of 183,747 shares of company stock valued at $4,925,843 in the last ninety days. 14.20% of the stock is currently owned by insiders.

A number of analysts have recently commented on the company. ValuEngine upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Zacks Investment Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet upgraded Century Communities from a “c” rating to a “b-” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. upgraded Century Communities from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $30.50 to $32.50 in a research note on Wednesday, September 11th. Finally, B. Riley upped their target price on Century Communities from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $34.38.

NYSE CCS traded down $0.09 during trading hours on Thursday, reaching $30.23. The company’s stock had a trading volume of 14,193 shares, compared to its average volume of 274,754. The firm has a market capitalization of $909.81 million, a price-to-earnings ratio of 7.67 and a beta of 1.25. Century Communities Inc has a 1-year low of $16.35 and a 1-year high of $31.23. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.37 and a quick ratio of 0.37. The company’s 50-day moving average is $27.87 and its two-hundred day moving average is $26.45.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $608.60 million during the quarter, compared to analysts’ expectations of $554.22 million. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. Century Communities’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Equities analysts forecast that Century Communities Inc will post 3.6 EPS for the current fiscal year.

Century Communities 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.

Featured Article: How to execute a trade ex-dividend strategy?

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)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.