Oaktree Capital Management LP raised its holdings in Century Communities, Inc (NYSE:CCS) by 23.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,819,003 shares of the construction company’s stock after purchasing an additional 350,000 shares during the quarter. Century Communities accounts for approximately 0.9% of Oaktree Capital Management LP’s investment portfolio, making the stock its 19th biggest holding. Oaktree Capital Management LP owned 6.60% of Century Communities worth $56,570,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in Century Communities by 218.7% in the fourth quarter. Renaissance Technologies LLC now owns 265,954 shares of the construction company’s stock valued at $8,271,000 after purchasing an additional 182,500 shares during the last quarter. AXA purchased a new stake in Century Communities in the fourth quarter valued at $389,000. Kennedy Capital Management Inc. purchased a new stake in Century Communities in the fourth quarter valued at $2,109,000. EAM Investors LLC purchased a new stake in Century Communities in the fourth quarter valued at $4,568,000. Finally, HAP Trading LLC purchased a new stake in Century Communities in the fourth quarter valued at $832,000. 79.01% of the stock is currently owned by institutional investors.
Century Communities, Inc (NYSE:CCS) traded down $0.50 during mid-day trading on Wednesday, hitting $30.80. 179,338 shares of the stock traded hands, compared to its average volume of 307,445. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. Century Communities, Inc has a twelve month low of $21.90 and a twelve month high of $36.00. The stock has a market cap of $928.48, a price-to-earnings ratio of 15.17 and a beta of 1.13.
Century Communities (NYSE:CCS) last posted its earnings results on Tuesday, February 13th. The construction company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.40. Century Communities had a net margin of 3.55% and a return on equity of 11.79%. The business had revenue of $518.79 million for the quarter, compared to analyst estimates of $507.29 million. research analysts expect that Century Communities, Inc will post 3.69 EPS for the current year.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of Century Communities from $34.00 to $37.50 and gave the company an “overweight” rating in a report on Thursday, February 15th. ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Wedbush reissued an “outperform” rating and set a $42.00 target price on shares of Century Communities in a research note on Wednesday, February 14th. Finally, B. Riley reissued a “buy” rating and set a $41.00 target price on shares of Century Communities in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Century Communities presently has a consensus rating of “Buy” and an average price target of $36.64.
About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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