Citizens Financial Group Inc. RI Makes New Investment 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 position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,085 shares of the construction company's stock, valued at approximately $543,000.

Several other large investors have also recently bought and sold shares of the business. First Trust Advisors LP grew its holdings in shares of Century Communities by 67.3% during the fourth 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. lifted its position in shares of Century Communities by 32.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock valued at $71,102,000 after acquiring an additional 258,245 shares during the period. Balyasny Asset Management L.P. raised its position in shares of 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 purchasing an additional 230,113 shares during the last quarter. Marshall Wace LLP raised its position in shares of Century Communities by 660.5% during the 4th quarter. Marshall Wace LLP now owns 202,518 shares of the construction company's stock worth $14,857,000 after purchasing an additional 175,887 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Century Communities by 806.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 127,902 shares of the construction company's stock worth $8,582,000 after purchasing an additional 113,796 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Stock Up 5.6%

Shares of Century Communities stock traded up $3.56 during trading on Wednesday, reaching $66.62. The company had a trading volume of 141,126 shares, compared to its average volume of 434,784. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 8.13 and a beta of 1.41. The firm's fifty day moving average is $57.79 and its 200-day moving average is $61.98. 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, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42.

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. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. During the same quarter in the prior year, the firm earned $2.65 EPS. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Wall Street Analysts Forecast Growth

CCS has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 target price for the company. Wedbush reduced their target price on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Century Communities from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. One research 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $85.00.

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.