Nuveen Asset Management LLC Takes $4.19 Million Position in Century Communities Inc (NYSE:CCS)

Nuveen Asset Management LLC bought a new stake in Century Communities Inc (NYSE:CCS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 157,723 shares of the construction company’s stock, valued at approximately $4,192,000. Nuveen Asset Management LLC owned approximately 0.52% of Century Communities as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC purchased a new stake in shares of Century Communities during the first quarter valued at approximately $25,000. Bank of Montreal Can increased its position in shares of Century Communities by 1,419.2% during the second quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock valued at $61,000 after acquiring an additional 2,143 shares during the last quarter. Aperio Group LLC increased its position in shares of Century Communities by 15.8% during the second quarter. Aperio Group LLC now owns 31,643 shares of the construction company’s stock valued at $841,000 after acquiring an additional 4,313 shares during the last quarter. Swiss National Bank increased its position in shares of Century Communities by 13.1% during the second quarter. Swiss National Bank now owns 47,566 shares of the construction company’s stock valued at $1,264,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Century Communities during the first quarter valued at approximately $136,000. Institutional investors own 98.44% of the company’s stock.

NYSE:CCS opened at $32.83 on Friday. 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 business has a fifty day simple moving average of $29.76 and a two-hundred day simple moving average of $27.51. Century Communities Inc has a 1 year low of $16.35 and a 1 year high of $33.32. The company has a market capitalization of $997.47 million, a P/E ratio of 8.33 and a beta of 1.22.

Century Communities (NYSE:CCS) last released its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.03. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. The business had revenue of $608.60 million during the quarter, compared to the consensus estimate of $554.22 million. During the same period last year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts anticipate that Century Communities Inc will post 3.6 earnings per share for the current year.

In other Century Communities news, insider John Scott Dixon sold 8,747 shares of the firm’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert J. Francescon sold 75,000 shares of the firm’s stock in a transaction on 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 sale, 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. Company insiders own 14.20% of the company’s stock.

A number of analysts recently commented on CCS shares. JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and increased their price target for the company from $30.50 to $32.50 in a research report on Wednesday, September 11th. TheStreet raised Century Communities from a “c” rating to a “b-” rating in a research report on Monday, August 12th. Zacks Investment Research downgraded Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. ValuEngine downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, B. Riley increased their price target on Century Communities from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Century Communities presently has a consensus rating of “Buy” and a consensus price target of $34.10.

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

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