Gratia Capital Llc Decreased Century Cmntys Inc (Call) (NYSE:CCS) Stake By $14.89 Million

February 23, 2018 - By Stephen Andrade

Steve Pei decreased its stake in Century Cmntys Inc (Call) (NYSE:CCS) by 64.15% based on its latest 2017Q4 regulatory filing with the SEC. Gratia Capital Llc sold 480,426 shares as the company’s stock rose 13.94% with the market. The hedge fund run by Steve Pei held 268,500 shares of the capital goods company at the end of 2017Q4, valued at $8.35 million, down from 748,926 at the end of the previous reported quarter. Gratia Capital Llc who had been investing in Century Cmntys Inc (Call) for a number of months, seems to be less bullish one the $858.35 million market cap company. The stock decreased 1.09% or $0.35 during the last trading session, reaching $31.65. About 15,354 shares traded. Century Communities, Inc. (NYSE:CCS) has risen 55.93% since February 23, 2017 and is uptrending. It has outperformed by 39.23% the S&P500.

Gratia Capital Llc, which manages about $521.00 million and $399.23M US Long portfolio, upped its stake in Insight Enterprises Inc (NASDAQ:NSIT) by 328,207 shares to 361,300 shares, valued at $13.83 million in 2017Q4, according to the filing.

Steve Pei is the founder of Gratia Capital and he established it in the year 2012 after he managed to land a $25 million seed deal from Q Investments by Geoffrey Raynor. A graduate of University of Pennsylvania in 2000 and a previous associate of Bain Capital, Steve Pei was also the former Vice President of Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors. But now having his own Los Angeles based company, he is focused on bringing his multi-strategic, value/event-driven hedge fund to seek capitalizing opportunity investments on three sectors alone – consumer, industrial and real estate. Gratia Capital Llc is a California-based hedge fund that was founded by Steve Pei. It had more than $521.00 million assets under management in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Gratia Capital latest Adv, the fund reported to have 8 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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

Among 6 analysts covering Century Communities (NYSE:CCS), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Century Communities had 16 analyst reports since August 12, 2015 according to SRatingsIntel. Citigroup initiated it with “Buy” rating and $23 target in Thursday, September 1 report. The stock has “Buy” rating by Citigroup on Tuesday, August 8. As per Friday, December 29, the company rating was maintained by Wedbush. Deutsche Bank maintained Century Communities, Inc. (NYSE:CCS) rating on Monday, May 16. Deutsche Bank has “Buy” rating and $22 target. The rating was maintained by JP Morgan on Thursday, February 15 with “Overweight”. The rating was maintained by FBR Capital with “Outperform” on Thursday, February 23. The firm has “Buy” rating given on Thursday, September 14 by J.P. Morgan. The company was upgraded on Wednesday, August 12 by Zacks. Wedbush initiated the stock with “Outperform” rating in Tuesday, September 20 report. The stock has “Overweight” rating by JP Morgan on Thursday, September 14.

Century Communities, Inc. engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. The company has market cap of $858.35 million. 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. It has a 15.59 P/E ratio. The firm sells homes through its sales representatives, as well as through independent real estate brokers.

More notable recent Century Communities, Inc. (NYSE:CCS) news were published by: Gurufocus.com which released: “Hodges Capital Management Inc. Buys Century Communities Inc, Norwegian Cruise …” on February 06, 2018, also Prnewswire.com with their article: “Century Communities to Host Ribbon Cutting and Grand Opening Celebration at …” published on February 23, 2018, Businesswire.com published: “Century Communities Reports Record Fourth Quarter and Full Year 2017 Results” on February 13, 2018. More interesting news about Century Communities, Inc. (NYSE:CCS) were released by: Nasdaq.com and their article: “Here’s Why You Should Buy Century Communities (CCS) Stock Now” published on January 24, 2018 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: Century Communities, DR Horton, KB Home …” with publication date: February 21, 2018.

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