David L. Messenger Sells 50,000 Shares of Century Communities, Inc. (NYSE:CCS) Stock


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Century Communities, Inc. (NYSE:CCS) CFO David L. Messenger sold 50,000 shares of Century Communities stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $74.80, for a total transaction of $3,740,000.00.

CCS traded up $3.34 on Tuesday, hitting $78.89. 635,495 shares of the company were exchanged, compared to its average volume of 510,361. The stock’s fifty day moving average is $64.39 and its 200-day moving average is $52.22. Century Communities, Inc. has a 12 month low of $20.52 and a 12 month high of $78.96. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market cap of $2.66 billion, a PE ratio of 15.65 and a beta of 1.94.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 28th. The construction company reported $3.00 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $1.48. Century Communities had a net margin of 5.65% and a return on equity of 14.90%. As a group, equities research analysts expect that Century Communities, Inc. will post 5.1 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Century Communities by 1.6% during the fourth quarter. BlackRock Inc. now owns 5,222,450 shares of the construction company’s stock valued at $228,638,000 after purchasing an additional 83,089 shares in the last quarter. Northern Trust Corp boosted its stake in Century Communities by 34.3% in the fourth quarter. Northern Trust Corp now owns 502,797 shares of the construction company’s stock valued at $22,013,000 after buying an additional 128,432 shares in the last quarter. Peregrine Capital Management LLC grew its position in Century Communities by 72.0% in the fourth quarter. Peregrine Capital Management LLC now owns 386,616 shares of the construction company’s stock valued at $16,926,000 after acquiring an additional 161,827 shares during the last quarter. Clearbridge Investments LLC boosted its position in Century Communities by 493.7% in the fourth quarter. Clearbridge Investments LLC now owns 369,048 shares of the construction company’s stock valued at $16,157,000 after buying an additional 306,890 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its holdings in shares of Century Communities by 12.1% during the first quarter. Global Alpha Capital Management Ltd. now owns 311,420 shares of the construction company’s stock worth $18,785,000 after buying an additional 33,520 shares in the last quarter. 93.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. B. Riley boosted their target price on Century Communities from $77.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, April 29th. Zacks Investment Research raised Century Communities from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research note on Monday. Wedbush lifted their price target on shares of Century Communities from $75.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, April 29th. Finally, Wells Fargo & Company began coverage on shares of Century Communities in a research report on Wednesday, April 21st. They set an “overweight” rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.67.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its home buyers.

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