Century Cmntys INC (CCS) Shareholder Long Pond Capital LP Has Decreased Holding

Century Communities, Inc. (NYSE:CCS) Logo

Long Pond Capital Lp decreased its stake in Century Cmntys Inc (CCS) by 6.77% based on its latest 2019Q1 regulatory filing with the SEC. Long Pond Capital Lp sold 176,700 shares as the company’s stock rose 14.92% with the market. The hedge fund held 2.43M shares of the capital goods company at the end of 2019Q1, valued at $58.30 million, down from 2.61M at the end of the previous reported quarter. Long Pond Capital Lp who had been investing in Century Cmntys Inc for a number of months, seems to be less bullish one the $833.43 million market cap company. The stock increased 2.61% or $0.7 during the last trading session, reaching $27.49. About 192,500 shares traded. Century Communities, Inc. (NYSE:CCS) has declined 8.52% since July 14, 2018 and is downtrending. It has underperformed by 12.95% the S&P500.

Long Pond Capital Lp, which manages about $1.63 billion and $2.87 billion US Long portfolio, upped its stake in Mgm Resorts International (NYSE:MGM) by 387,763 shares to 1.41 million shares, valued at $36.17 million in 2019Q1, according to the filing. It also increased its holding in Lennar Corp (NYSE:LEN) by 405,962 shares in the quarter, for a total of 2.33 million shares, and has risen its stake in Hyatt Hotels Corp (NYSE:H).

Analysts await Century Communities, Inc. (NYSE:CCS) to report earnings on August, 1. They expect $0.82 earnings per share, down 32.23 % or $0.39 from last year’s $1.21 per share. CCS’s profit will be $24.86M for 8.38 P/E if the $0.82 EPS becomes a reality. After $0.60 actual earnings per share reported by Century Communities, Inc. for the previous quarter, Wall Street now forecasts 36.67 % EPS growth.

More notable recent Century Communities, Inc. (NYSE:CCS) news were published by: Prnewswire.com which released: “Semtech and PS Business Parks Set to Join S&P MidCap 400; Century Communities and Boot Barn Holdings to Join S&P SmallCap 600 – PRNewswire” on April 04, 2019, also Seekingalpha.com with their article: “CommScope: Valuation Attractive Post ARRIS Acquisition – Seeking Alpha” published on May 16, 2019, Prnewswire.com published: “Century Communities, Inc. hosts grand opening for Cottonwood in North Las Vegas June 29 – PRNewswire” on June 27, 2019. More interesting news about Century Communities, Inc. (NYSE:CCS) were released by: Prnewswire.com and their article: “Century Communities, Inc. announces pre-grand opening for Provenance at College Park in Mountain House – PRNewswire” published on July 11, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why Shares of Century Communities Jumped on Friday – Yahoo Finance” with publication date: May 03, 2019.

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