Swiss National Bank continued to hold its stake in shares of Century Communities Inc. (NYSE:CCS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,566 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.14% of Century Communities worth $495,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of CCS. Spark Investment Management LLC acquired a new stake in shares of Century Communities during the first quarter valued at about $204,000. SignalPoint Asset Management LLC increased 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 period. Bank of New York Mellon Corp increased its stake in shares of 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. Bank of Montreal Can acquired a new stake in shares of Century Communities during the second quarter valued at about $1,504,000. Finally, Renaissance Technologies LLC increased its stake in shares of Century Communities by 31.2% in the first quarter. Renaissance Technologies LLC now owns 92,200 shares of the company’s stock valued at $1,574,000 after buying an additional 21,900 shares during the period. 61.14% of the stock is currently owned by institutional investors.
Century Communities Inc. (NYSE:CCS) traded up 0.39% during trading on Friday, hitting $20.84. The stock had a trading volume of 34,043 shares. The company has a market cap of $430.78 million, a PE ratio of 9.87 and a beta of 0.99. The company’s 50 day moving average is $20.45 and its 200-day moving average is $18.61. Century Communities Inc. has a 12 month low of $13.11 and a 12 month high of $21.64.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $257.20 million for 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%. Century Communities’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, equities research analysts predict that Century Communities Inc. will post $2.43 earnings per share for the current year.
Several analysts recently issued reports on the company. FBR & Co reissued an “outperform” rating on shares of Century Communities in a research note on Tuesday, September 27th. Wedbush began coverage on Century Communities in a research note 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 research note 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 stock presently has an average rating of “Buy” and an average target price of $23.25.
In other news, insider Robert J. Francescon sold 71,250 shares of the firm’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 value of $1,424,287.50. Following the transaction, the insider now owns 435,504 shares in the company, valued at $8,705,724.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dale Francescon sold 67,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $20.00, for a total value of $1,345,000.00. Following the completion of 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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