Century Communities Inc (CCS) Position Boosted by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lifted its holdings in shares of Century Communities Inc (NYSE:CCS) by 356.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,551 shares of the construction company’s stock after buying an additional 6,678 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Century Communities were worth $148,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CCS. Shoals Capital Management LP bought a new position in Century Communities in the 4th quarter valued at about $24,941,000. Boston Partners raised its holdings in Century Communities by 181.9% in the 4th quarter. Boston Partners now owns 703,147 shares of the construction company’s stock valued at $12,136,000 after acquiring an additional 453,717 shares during the period. Frontier Capital Management Co. LLC raised its holdings in Century Communities by 50.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 929,922 shares of the construction company’s stock valued at $16,050,000 after acquiring an additional 311,504 shares during the period. Dimensional Fund Advisors LP raised its holdings in Century Communities by 13.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,537,890 shares of the construction company’s stock valued at $66,619,000 after acquiring an additional 292,677 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new position in Century Communities in the 4th quarter valued at about $2,765,000. Institutional investors own 88.64% of the company’s stock.

Century Communities stock traded up $0.10 during mid-day trading on Friday, reaching $27.45. The company had a trading volume of 275,220 shares, compared to its average volume of 504,441. Century Communities Inc has a fifty-two week low of $16.35 and a fifty-two week high of $35.50. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.30 and a quick ratio of 0.37. The firm has a market capitalization of $829.18 million, a P/E ratio of 6.97 and a beta of 1.56.

Century Communities (NYSE:CCS) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.19. Century Communities had a net margin of 4.11% and a return on equity of 13.66%. The firm had revenue of $472.60 million for the quarter, compared to analyst estimates of $448.81 million. During the same quarter last year, the business posted $0.75 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. On average, analysts expect that Century Communities Inc will post 3.85 earnings per share for the current year.

CCS has been the topic of several research analyst reports. Zacks Investment Research cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Wedbush cut shares of Century Communities from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $24.00 in a report on Friday, February 8th. TheStreet raised shares of Century Communities from a “c” rating to a “b-” rating in a report on Tuesday, February 19th. ValuEngine cut shares of Century Communities from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Finally, Zelman & Associates raised shares of Century Communities from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.70.

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About Century Communities

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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