Century Communities Inc (NYSE:CCS) Holdings Lowered by IndexIQ Advisors LLC

IndexIQ Advisors LLC trimmed its stake in shares of Century Communities Inc (NYSE:CCS) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,839 shares of the construction company’s stock after selling 10,740 shares during the quarter. IndexIQ Advisors LLC owned about 0.11% of Century Communities worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CCS. Oregon Public Employees Retirement Fund grew its position in Century Communities by 81.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,700 shares of the construction company’s stock worth $293,000 after acquiring an additional 4,800 shares in the last quarter. Rhumbline Advisers grew its position in Century Communities by 6.6% in the fourth quarter. Rhumbline Advisers now owns 87,619 shares of the construction company’s stock worth $2,396,000 after acquiring an additional 5,421 shares in the last quarter. Principal Financial Group Inc. grew its position in Century Communities by 9.2% in the fourth quarter. Principal Financial Group Inc. now owns 225,490 shares of the construction company’s stock worth $6,167,000 after acquiring an additional 19,019 shares in the last quarter. First Dallas Securities Inc. grew its position in Century Communities by 27.8% in the fourth quarter. First Dallas Securities Inc. now owns 45,960 shares of the construction company’s stock worth $1,257,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Century Communities by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,164,673 shares of the construction company’s stock worth $34,556,000 after acquiring an additional 12,409 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.

NYSE CCS opened at $37.35 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.32 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $30.41 and a 200 day simple moving average of $29.30. The company has a market cap of $1.24 billion, a P/E ratio of 9.99 and a beta of 1.14. Century Communities Inc has a 1 year low of $21.95 and a 1 year high of $38.27.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.23. The business had revenue of $775.70 million during the quarter, compared to the consensus estimate of $740.00 million. Century Communities had a net margin of 4.46% and a return on equity of 12.50%. Century Communities’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. Equities research analysts forecast that Century Communities Inc will post 4.5 EPS for the current fiscal year.

Several analysts have commented on the stock. Wedbush downgraded shares of Century Communities from an “outperform” rating to a “neutral” rating and set a $38.00 target price for the company. in a research report on Thursday. They noted that the move was a valuation call. ValuEngine raised shares of Century Communities from a “strong sell” rating to a “sell” rating in a research report on Friday, February 7th. B. Riley boosted their target price on shares of Century Communities from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating and set a $42.00 target price for the company in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Century Communities presently has an average rating of “Hold” and a consensus target price of $39.13.

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.

Further Reading: Growth Stocks

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.