Marshall Wace North America L.P. Takes Position in Century Communities Inc (NYSE:CCS)

Marshall Wace North America L.P. purchased a new stake in shares of Century Communities Inc (NYSE:CCS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,294 shares of the construction company’s stock, valued at approximately $534,000. Marshall Wace North America L.P. owned approximately 0.07% of Century Communities as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Shoals Capital Management LP acquired a new position in Century Communities in the fourth quarter worth about $25,000. Legal & General Group Plc raised its position in Century Communities by 21.7% in the fourth quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock worth $86,000 after purchasing an additional 882 shares in the last quarter. SG Americas Securities LLC acquired a new position in Century Communities in the first quarter worth about $100,000. Citigroup Inc. grew its stake in Century Communities by 609.3% during the fourth quarter. Citigroup Inc. now owns 7,199 shares of the construction company’s stock worth $124,000 after buying an additional 6,184 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Century Communities by 271,950.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,441 shares of the construction company’s stock worth $130,000 after buying an additional 5,439 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

In related news, CEO Robert J. Francescon sold 100,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $26.05, for a total value of $2,605,000.00. Following the completion of the transaction, the chief executive officer now owns 376,280 shares of the company’s stock, valued at $9,802,094. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.20% of the stock is currently owned by company insiders.

CCS has been the topic of several research analyst reports. ValuEngine cut shares of Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Wedbush set a $12.00 price objective on shares of GameStop and gave the stock a “buy” rating in a research note on Friday, May 31st. TheStreet cut shares of Trinseo from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Century Communities currently has an average rating of “Hold” and a consensus target price of $32.22.

CCS stock traded down $0.65 during midday trading on Thursday, reaching $26.69. The company’s stock had a trading volume of 171,125 shares, compared to its average volume of 459,113. Century Communities Inc has a 52 week low of $16.35 and a 52 week high of $33.80. The stock has a market capitalization of $828.95 million, a PE ratio of 6.77 and a beta of 1.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s 50-day moving average price is $26.97.

Century Communities (NYSE:CCS) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.19. Century Communities had a net margin of 4.11% and a return on equity of 13.66%. The company had revenue of $472.60 million for the quarter, compared to analyst estimates of $448.81 million. During the same period last year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. Analysts predict that Century Communities Inc will post 3.85 earnings per share for the current year.

Century Communities Company Profile

Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.

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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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