Century Communities, Inc. (NYSE:CCS) Holdings Lifted by Westwood Holdings Group Inc.

Key Points

• Westwood Holdings Group Inc. increased its stake in Century Communities, Inc. by 32.2%, owning approximately 3.47% of the company's stock valued at $71.1 million as of its latest filing.
• Institutional investors and hedge funds collectively own 99.54% of Century Communities, with significant stakes raised by multiple firms, including First Trust Advisors LP and Marshall Wace LLP.
• Analysts have mixed ratings on Century Communities, with an average target price adjusted to $85.00, highlighting a downgrade by Wedbush and a "buy" rating from B. Riley.

Westwood Holdings Group Inc. grew its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,059,648 shares of the construction company's stock after buying an additional 258,245 shares during the quarter. Westwood Holdings Group Inc. owned 3.47% of Century Communities worth $71,102,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CCS. Versant Capital Management Inc raised its holdings in Century Communities by 533.9% in the first 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 increased its position in shares of Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after purchasing an additional 688 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Century Communities by 60.3% during the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock worth $106,000 after purchasing an additional 594 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Century Communities by 21.6% during the first quarter. Nisa Investment Advisors LLC now owns 2,806 shares of the construction company's stock worth $188,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CCS shares. Wall Street Zen lowered Century Communities from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Wedbush lowered their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, B. Riley initiated coverage on Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $85.00.

Century Communities Stock Performance

Shares of NYSE:CCS traded up $0.58 during trading on Friday, reaching $60.88. 219,113 shares of the company's stock traded hands, compared to its average volume of 371,382. The stock has a market capitalization of $1.81 billion, a P/E ratio of 7.43 and a beta of 1.41. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $108.42. The company has a 50 day moving average of $57.38 and a 200-day moving average of $62.30. 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 issued its earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%. Century Communities's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 earnings per share. On average, equities analysts expect that Century Communities, Inc. will post 11.07 EPS for the current 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.