Is it a Wise Decision to Buy Century Communities (CCS) Shares?

ClearBridge Investments, an investment management firm, published its “Small Cap Value Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Small Cap Value Strategy outperformed the Russell 2000 Value Index, the Strategy’s benchmark, during the fourth quarter. On an absolute basis, the Strategy posted gains in nine of 11 sectors in which it was invested for the quarter. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments Small Cap Value Strategy, in its Q4 2021 investor letter, mentioned Century Communities, Inc. (NYSE:CCS) and discussed its stance on the firm. Founded in 2002, Century Communities, Inc. (NYSE:CCS) is a Greenwood Village, Colorado-based homebuilding company with a $1.9 billion market capitalization, and is currently spearheaded by its CEOs, Dale Francescon and Robert J. Francescon. Century Communities, Inc. (NYSE:CCS) delivered a -29.15% return since the beginning of the year, while its 12-month returns are down by -3.93%. The stock closed at $58.12 per share on March 29, 2022.

Here is what ClearBridge Investments Small Cap Value Strategy has to say about Century Communities, Inc. (NYSE:CCS) in its Q4 2021 investor letter:

“Fourth quarter outperformance came from a diverse set of sectors. Homebuilder Century Communities is enjoying a multiyear runway for significant growth as demand in the housing market continues to outpace available supply.”

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Our calculations show that Century Communities, Inc. (NYSE:CCS) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Century Communities, Inc. (NYSE:CCS) was in 20 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 21 funds in the previous quarter. Century Communities, Inc. (NYSE:CCS) delivered a -29.85% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.