Boston Partners Buys 365,540 Shares of Century Communities, Inc. (CCS)

Boston Partners lifted its stake in Century Communities, Inc. (NYSE:CCS) by 107.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 705,530 shares of the construction company’s stock after purchasing an additional 365,540 shares during the quarter. Boston Partners owned about 3.14% of Century Communities worth $17,427,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Prudential Financial Inc. increased its holdings in shares of Century Communities by 6.2% in the third quarter. Prudential Financial Inc. now owns 148,915 shares of the construction company’s stock valued at $3,679,000 after purchasing an additional 8,669 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in shares of Century Communities by 83.2% in the third quarter. IndexIQ Advisors LLC now owns 34,125 shares of the construction company’s stock valued at $843,000 after purchasing an additional 15,498 shares during the last quarter. Bridge City Capital LLC increased its holdings in shares of Century Communities by 8.7% in the third quarter. Bridge City Capital LLC now owns 31,788 shares of the construction company’s stock valued at $785,000 after purchasing an additional 2,545 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Century Communities by 10.5% in the third quarter. Victory Capital Management Inc. now owns 65,236 shares of the construction company’s stock valued at $1,611,000 after purchasing an additional 6,184 shares during the last quarter. Finally, Third Avenue Management LLC increased its holdings in shares of Century Communities by 25.8% in the third quarter. Third Avenue Management LLC now owns 71,671 shares of the construction company’s stock valued at $1,771,000 after purchasing an additional 14,697 shares during the last quarter. 59.52% of the stock is owned by hedge funds and other institutional investors.

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Several research firms recently commented on CCS. B. Riley reaffirmed a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. FBR & Co reaffirmed a “buy” rating and issued a $30.00 price target on shares of Century Communities in a report on Tuesday, October 3rd. Wedbush reaffirmed an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. Finally, J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and increased their price target for the company from $28.00 to $32.00 in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.50.

Century Communities, Inc. (CCS) opened at $28.40 on Tuesday. The firm has a market capitalization of $785.84, a P/E ratio of 11.40 and a beta of 1.13. Century Communities, Inc. has a 52-week low of $19.65 and a 52-week high of $30.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.30. The company had revenue of $374.90 million during the quarter, compared to analyst estimates of $409.42 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The firm’s revenue for the quarter was up 51.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. analysts anticipate that Century Communities, Inc. will post 2.11 EPS for the current fiscal year.

Century Communities Profile

Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.

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

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