State of Alaska Department of Revenue Acquires 10,722 Shares of Century Communities Inc (NYSE:CCS)

State of Alaska Department of Revenue grew its holdings in Century Communities Inc (NYSE:CCS) by 114.2% in the third quarter, Holdings Channel reports. The firm owned 20,112 shares of the construction company’s stock after buying an additional 10,722 shares during the quarter. State of Alaska Department of Revenue’s holdings in Century Communities were worth $616,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CCS. Marshall Wace LLP purchased a new position in shares of Century Communities in the 1st quarter worth $322,000. Marshall Wace North America L.P. purchased a new position in shares of Century Communities in the 1st quarter worth $534,000. Clearbridge Investments LLC purchased a new position in shares of Century Communities in the 1st quarter worth $25,000. Rehmann Capital Advisory Group purchased a new position in shares of Century Communities in the 1st quarter worth $136,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Century Communities in the 2nd quarter worth $482,000. 98.44% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Robert J. Francescon sold 75,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $27.77, for a total value of $2,082,750.00. Following the transaction, the chief executive officer now directly owns 326,280 shares in the company, valued at $9,060,795.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Scott Dixon sold 8,747 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $27.22, for a total value of $238,093.34. The disclosure for this sale can be found here. 14.20% of the stock is owned by insiders.

A number of research firms have recently issued reports on CCS. JPMorgan Chase & Co. upgraded Century Communities from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $30.50 to $32.50 in a research note on Wednesday, September 11th. Wedbush lifted their target price on Century Communities from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TheStreet upgraded Century Communities from a “c” rating to a “b-” rating in a research report on Monday, August 12th. Zacks Investment Research downgraded Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, B. Riley lifted their target price on Century Communities from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Century Communities currently has a consensus rating of “Buy” and an average target price of $34.10.

NYSE CCS traded up $0.14 on Friday, hitting $32.91. 2,818 shares of the company traded hands, compared to its average volume of 366,507. The company has a market capitalization of $943.90 million, a price-to-earnings ratio of 8.28 and a beta of 1.22. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $29.67 and its 200-day moving average price is $27.47. Century Communities Inc has a 52-week low of $16.35 and a 52-week high of $33.32.

Century Communities (NYSE:CCS) last released its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $554.22 million. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. Century Communities’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. As a group, sell-side analysts predict that Century Communities Inc will post 3.6 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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