Century Communities, Inc. (NYSE:CCS) Stock Position Lifted by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its stake in Century Communities by 38.6%, acquiring an additional 16,715 shares, bringing its total to 60,001 shares valued at approximately $4,026,000.
• Century Communities reported a quarterly earnings per share (EPS) of $1.37, exceeding analyst expectations of $1.16, despite a 1.7% decrease in revenue compared to the previous year.
• Analysts are mixed on Century Communities’ stock, with a consensus rating of "Hold" and an average price target of $85.00, reflecting varying opinions on its future performance.

New Age Alpha Advisors LLC lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 38.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,001 shares of the construction company's stock after acquiring an additional 16,715 shares during the quarter. New Age Alpha Advisors LLC owned 0.20% of Century Communities worth $4,026,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC grew its stake 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 purchasing an additional 594 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Century Communities during the 1st quarter valued at approximately $423,000. Principal Financial Group Inc. grew its position in shares of Century Communities by 1.4% during the first quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock worth $9,107,000 after buying an additional 1,870 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Century Communities during the first quarter worth approximately $982,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Century Communities by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock worth $3,364,000 after buying an additional 3,036 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on CCS shares. B. Riley began 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. Wall Street Zen lowered shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, Wedbush reduced their price target on shares of 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Century Communities currently has an average rating of "Hold" and a consensus price target of $85.00.

Century Communities Stock Performance

Shares of CCS stock traded up $0.58 on Friday, hitting $60.88. 219,113 shares of the stock traded hands, compared to its average volume of 371,382. The company's fifty day moving average is $57.38 and its 200 day 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 company 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 current ratio of 0.55 and a quick ratio of 0.55.

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. During the same quarter in the previous year, the firm earned $2.65 earnings per share. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

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.