Peregrine Capital Management LLC Has $7.62 Million Stake in Century Communities Inc (NYSE:CCS)

Peregrine Capital Management LLC Has $7.62 Million Stake in Century Communities Inc (NYSE:CCS)

Peregrine Capital Management LLC increased its holdings in shares of Century Communities Inc (NYSE:CCS) by 49.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,187 shares of the construction company’s stock after purchasing an additional 146,827 shares during the period. Peregrine Capital Management LLC owned approximately 1.43% of Century Communities worth $7,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Teachers Advisors LLC raised its stake in shares of Century Communities by 2.6% in the 3rd quarter. Teachers Advisors LLC now owns 88,347 shares of the construction company’s stock valued at $2,319,000 after acquiring an additional 2,264 shares during the period. Vanguard Group Inc raised its stake in shares of Century Communities by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 1,105,799 shares of the construction company’s stock valued at $29,027,000 after acquiring an additional 21,740 shares during the period. Vanguard Group Inc. raised its stake in shares of Century Communities by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,105,799 shares of the construction company’s stock valued at $29,027,000 after acquiring an additional 21,740 shares during the period. B. Riley Financial Inc. raised its stake in shares of Century Communities by 80.5% in the 3rd quarter. B. Riley Financial Inc. now owns 23,304 shares of the construction company’s stock valued at $611,000 after acquiring an additional 10,392 shares during the period. Finally, AJ Wealth Strategies LLC raised its stake in shares of Century Communities by 51.7% in the 3rd quarter. AJ Wealth Strategies LLC now owns 24,660 shares of the construction company’s stock valued at $647,000 after acquiring an additional 8,400 shares during the period. 82.83% of the stock is owned by hedge funds and other institutional investors.

NYSE CCS traded up $0.05 on Monday, hitting $22.98. 350,905 shares of the stock were exchanged, compared to its average volume of 495,568. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.94. Century Communities Inc has a fifty-two week low of $16.35 and a fifty-two week high of $35.50. The stock has a market capitalization of $705.30 million, a PE ratio of 5.83 and a beta of 1.58.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, February 7th. The construction company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.01). Century Communities had a return on equity of 14.91% and a net margin of 4.49%. The firm had revenue of $640.19 million for the quarter, compared to analyst estimates of $642.07 million. During the same quarter last year, the firm earned $0.60 EPS. The company’s revenue was up 23.4% on a year-over-year basis. On average, equities research analysts expect that Century Communities Inc will post 4.26 earnings per share for the current fiscal year.

CCS has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $30.00 price target (down from $42.00) on shares of Century Communities in a research note on Monday, October 29th. They noted that the move was a valuation call. B. Riley cut their target price on shares of Century Communities from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th. ValuEngine raised shares of Century Communities from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 9th. Finally, TheStreet downgraded shares of Century Communities from a “b-” rating to a “c” rating in a research note on Monday, November 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Century Communities currently has a consensus rating of “Hold” and a consensus target price of $31.70.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, and Southeast. The West segment refers to Southern California, Central Valley, Bay Area and Washington.

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