As Century Cmntys INC (CCS) Valuation Declined, Philadelphia Financial Management Of San Francisco LLC Upped Holding

October 2, 2018 - By Nellie Frank

Century Communities, Inc. (NYSE:CCS) Logo

Philadelphia Financial Management Of San Francisco Llc increased its stake in Century Cmntys Inc (CCS) by 231.51% based on its latest 2018Q2 regulatory filing with the SEC. Philadelphia Financial Management Of San Francisco Llc bought 388,315 shares as the company’s stock declined 6.66% while stock markets rallied. The hedge fund held 556,046 shares of the capital goods company at the end of 2018Q2, valued at $17.54M, up from 167,731 at the end of the previous reported quarter. Philadelphia Financial Management Of San Francisco Llc who had been investing in Century Cmntys Inc for a number of months, seems to be bullish on the $784.31 million market cap company. The stock increased 0.19% or $0.05 during the last trading session, reaching $26.04. About 102,707 shares traded. Century Communities, Inc. (NYSE:CCS) has risen 22.08% since October 2, 2017 and is uptrending. It has outperformed by 6.46% the S&P500.

Philadelphia Financial Management Of San Francisco Llc, which manages about $888.86 million and $616.69M US Long portfolio, decreased its stake in Innovative Indl Pptys Inc by 163,765 shares to 198,217 shares, valued at $7.26M in 2018Q2, according to the filing. It also reduced its holding in Alliancebernstein Holding Lp (NYSE:AB) by 115,508 shares in the quarter, leaving it with 243,830 shares, and cut its stake in Axis Capital Holdings Ltd (NYSE:AXS).

Century Communities, Inc. (NYSE:CCS) Ratings Coverage

Among 4 analysts covering Century Communities (NYSE:CCS), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Century Communities had 4 analyst reports since May 9, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, June 15 by Wedbush. As per Friday, September 21, the company rating was downgraded by JP Morgan. FBR Capital maintained the shares of CCS in report on Wednesday, May 9 with “Buy” rating.

Century Communities, Inc. (NYSE:CCS) Ratings Chart

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