ClariVest Asset Management LLC Sells 64,531 Shares of Century Communities Inc (NYSE:CCS)

ClariVest Asset Management LLC reduced its holdings in Century Communities Inc (NYSE:CCS) by 60.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,924 shares of the construction company’s stock after selling 64,531 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.14% of Century Communities worth $1,030,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Shoals Capital Management LP bought a new position in shares of Century Communities in the fourth quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Century Communities by 176.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,228 shares during the period. Legal & General Group Plc boosted its holdings in shares of Century Communities by 21.7% during 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 during the period. SG Americas Securities LLC acquired a new stake in shares of Century Communities during the first quarter worth approximately $100,000. Finally, Citigroup Inc. boosted its holdings in shares of 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 purchasing an additional 6,184 shares during the period. Institutional investors own 94.04% of the company’s stock.

NYSE CCS traded down $0.74 during trading on Friday, reaching $26.44. The company’s stock had a trading volume of 280,253 shares, compared to its average volume of 305,156. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $801.58 million, a PE ratio of 6.71 and a beta of 1.31. The stock has a 50-day simple moving average of $27.05. Century Communities Inc has a 1-year low of $16.35 and a 1-year high of $33.80.

Century Communities (NYSE:CCS) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.19. The firm had revenue of $472.60 million during the quarter, compared to analysts’ expectations of $448.81 million. Century Communities had a net margin of 4.11% and a return on equity of 13.66%. The company’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. On average, sell-side analysts expect that Century Communities Inc will post 3.85 earnings per share for the current year.

In other Century Communities news, CEO Robert J. Francescon sold 100,000 shares of Century Communities stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 376,280 shares in the company, valued at $9,802,094. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.20% of the stock is owned by insiders.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Monday, May 6th. TheStreet cut shares of Century Communities from a “b-” rating to a “c” rating in a report on Friday, May 17th. Wedbush upgraded shares of Century Communities from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $29.00 to $26.58 in a research note on Friday, May 31st. Finally, ValuEngine upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.22.

Century Communities 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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