Elk Creek Partners LLC grew its stake in shares of Century Communities, Inc. (NYSE:CCS) by 24.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 391,838 shares of the construction company’s stock after purchasing an additional 77,035 shares during the period. Elk Creek Partners LLC owned approximately 1.42% of Century Communities worth $9,678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCS. Legal & General Group Plc boosted its stake in Century Communities by 6.9% during the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock worth $110,000 after acquiring an additional 278 shares in the last quarter. SG Americas Securities LLC bought a new stake in Century Communities during the third quarter worth about $120,000. Alliancebernstein L.P. bought a new stake in Century Communities during the second quarter worth about $216,000. Nordea Investment Management AB boosted its stake in Century Communities by 31.4% during the second quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock worth $228,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in Century Communities during the second quarter worth about $235,000. 66.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Century Communities, Inc. (NYSE:CCS) opened at $30.65 on Friday. Century Communities, Inc. has a 52 week low of $19.65 and a 52 week high of $31.90. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $845.11, a PE ratio of 12.26 and a beta of 1.17.

Century Communities (NYSE:CCS) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.30. The business had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The business’s revenue for the quarter was up 51.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. analysts expect that Century Communities, Inc. will post 2.12 EPS for the current fiscal year.

CCS has been the topic of several research reports. FBR & Co reissued a “buy” rating and set a $30.00 price objective on shares of Century Communities in a research note on Tuesday, October 3rd. Citigroup reissued a “buy” rating and set a $30.00 price objective on shares of Century Communities in a research note on Tuesday, August 8th. B. Riley reissued a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, BidaskClub lowered shares of Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $30.50.

COPYRIGHT VIOLATION WARNING: “Elk Creek Partners LLC Increases Stake in Century Communities, Inc. (CCS)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/03/elk-creek-partners-llc-increases-stake-in-century-communities-inc-ccs.html.

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.

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

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