Citizens Financial Group Inc. RI Purchases New Position in Century Communities, Inc. (NYSE:CCS)

Key Points

• Citizens Financial Group Inc. has acquired 8,085 shares of Century Communities for approximately $543,000, marking a new investment position in the construction company.
• Institutional investors own nearly 99.54% of Century Communities, with significant increases in stakes from companies like Versant Capital Management and US Bancorp DE during the first quarter.
• Century Communities reported an EPS of $1.37 for the last quarter, exceeding expectations while experiencing a 1.7% drop in revenue compared to the previous year.

Citizens Financial Group Inc. RI acquired a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 8,085 shares of the construction company's stock, valued at approximately $543,000.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its position in Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after acquiring an additional 331 shares in the last quarter. US Bancorp DE boosted its position in Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Sterling Capital Management LLC boosted its position in Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after acquiring an additional 688 shares in the last quarter. GAMMA Investing LLC boosted its position in Century Communities by 60.3% during the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after acquiring an additional 594 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Century Communities by 21.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,806 shares of the construction company's stock valued at $188,000 after acquiring an additional 498 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Century Communities Stock Performance

Shares of CCS opened at $60.88 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The business's 50 day moving average price is $57.38 and its 200-day moving average price is $62.30. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $108.42. The stock has a market cap of $1.81 billion, a P/E ratio of 7.43 and a beta of 1.41.

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

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 homebuyers.

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