Factorial Partners LLC Raises Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Key Points

• Factorial Partners LLC increased its stake in Century Communities, Inc. by 130.8%, owning 18,000 shares valued at approximately $1.2 million after additional purchases in the first quarter.
• Brokerages have downgraded Century Communities' stock, with Wall Street Zen moving it from a "hold" to a "sell" rating and Wedbush lowering its price target from $93 to $88.
• The company reported an earnings per share (EPS) of $1.37 for the last quarter, exceeding expectations, while revenue fell by 1.7% year-over-year.

Factorial Partners LLC raised its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 130.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,000 shares of the construction company's stock after buying an additional 10,200 shares during the quarter. Factorial Partners LLC owned about 0.06% of Century Communities worth $1,208,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock worth $144,641,000 after buying an additional 5,375 shares during the last quarter. First Trust Advisors LP raised its position in Century Communities by 67.3% during the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after buying an additional 450,914 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Century Communities by 14.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company's stock worth $58,791,000 after buying an additional 99,136 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after buying an additional 230,113 shares during the last quarter. Finally, Northern Trust Corp raised its position in Century Communities by 16.6% during the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company's stock worth $25,195,000 after buying an additional 48,790 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

Century Communities stock traded up $0.58 during trading on Friday, reaching $60.88. The company had a trading volume of 219,113 shares, compared to its average volume of 371,382. The firm's 50-day simple moving average is $57.38 and its 200 day simple moving average is $62.30. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42. The firm has a market capitalization of $1.81 billion, a PE ratio of 7.43 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 EPS. As a group, equities research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCS has been the topic of a number of analyst reports. Wedbush dropped their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen cut shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, B. Riley initiated coverage on shares of Century Communities in a research note on Monday, June 30th. They set a "buy" rating and a $70.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat, Century Communities has an average rating of "Hold" and a consensus target price of $85.00.

Century Communities 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 homebuyers.