Peregrine Capital Management LLC Sells 207,701 Shares of Century Communities Inc (NYSE:CCS)

Share on StockTwits

Peregrine Capital Management LLC cut its holdings in shares of Century Communities Inc (NYSE:CCS) by 52.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,567 shares of the construction company’s stock after selling 207,701 shares during the period. Peregrine Capital Management LLC’s holdings in Century Communities were worth $5,843,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Century Communities by 83.5% during the first quarter. Wellington Management Group LLP now owns 1,926,679 shares of the construction company’s stock worth $27,956,000 after acquiring an additional 876,809 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in Century Communities by 11.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,503,892 shares of the construction company’s stock worth $46,109,000 after purchasing an additional 149,431 shares in the last quarter. State Street Corp grew its position in Century Communities by 8.6% in the 1st quarter. State Street Corp now owns 1,084,335 shares of the construction company’s stock worth $15,734,000 after purchasing an additional 85,796 shares in the last quarter. Bank of New York Mellon Corp grew its position in Century Communities by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,004,912 shares of the construction company’s stock worth $27,484,000 after purchasing an additional 169,366 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Century Communities by 74.9% in the 1st quarter. Nuveen Asset Management LLC now owns 518,149 shares of the construction company’s stock worth $7,518,000 after purchasing an additional 221,825 shares in the last quarter. 92.40% of the stock is owned by institutional investors.

A number of brokerages have issued reports on CCS. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, July 7th. Wedbush upped their price objective on shares of Century Communities from $31.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Century Communities from $15.50 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, B. Riley upped their price objective on shares of Century Communities from $38.00 to $46.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Century Communities currently has an average rating of “Hold” and a consensus target price of $36.00.

Century Communities stock opened at $35.62 on Friday. Century Communities Inc has a twelve month low of $9.04 and a twelve month high of $39.31. The firm has a 50 day moving average price of $31.77 and a 200-day moving average price of $27.25. The company has a market capitalization of $1.19 billion, a P/E ratio of 8.04 and a beta of 1.93. The company has a quick ratio of 0.81, a current ratio of 1.41 and a debt-to-equity ratio of 0.79.

Century Communities (NYSE:CCS) last released its earnings results on Tuesday, July 28th. The construction company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.48. Century Communities had a net margin of 5.25% and a return on equity of 13.57%. The firm had revenue of $776.44 million during the quarter, compared to the consensus estimate of $572.70 million. Equities analysts expect that Century Communities Inc will post 3.9 EPS for the current fiscal year.

In related news, CEO Robert J. Francescon sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $27.65, for a total transaction of $2,765,000.00. Following the sale, the chief executive officer now directly owns 291,370 shares in the company, valued at approximately $8,056,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David L. Messenger sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.97, for a total transaction of $1,118,950.00. Following the sale, the chief financial officer now owns 132,688 shares in the company, valued at $4,242,035.36. The disclosure for this sale can be found here. 13.10% of the stock is owned by corporate insiders.

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.

Featured Article: What is a Futures Contract?

Want to see what other hedge funds are holding CCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Communities Inc (NYSE:CCS).

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

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.

 

Latest News

Different Types of Research Papers
Different Types of Research Papers
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing


 
© 2006-2020 BBNS.