Mercer Global Advisors Inc. ADV Makes New Investment in Century Communities, Inc. (NYSE:CCS)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,083 shares of the construction company’s stock, valued at approximately $226,000.

Other institutional investors have also recently bought and sold shares of the company. Freestone Grove Partners LP bought a new position in shares of Century Communities in the 4th quarter valued at approximately $211,000. Schonfeld Strategic Advisors LLC boosted its stake in Century Communities by 44.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 31,540 shares of the construction company’s stock valued at $2,314,000 after buying an additional 9,737 shares in the last quarter. Northern Trust Corp boosted its stake in Century Communities by 16.6% in the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company’s stock valued at $25,195,000 after buying an additional 48,790 shares in the last quarter. Oberweis Asset Management Inc. boosted its stake in Century Communities by 28.7% in the fourth quarter. Oberweis Asset Management Inc. now owns 248,000 shares of the construction company’s stock worth $18,193,000 after purchasing an additional 55,300 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Century Communities by 193.9% in the fourth quarter. Hsbc Holdings PLC now owns 13,853 shares of the construction company’s stock worth $1,022,000 after purchasing an additional 9,140 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush lowered their price target on Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.33.

Insiders Place Their Bets

In other news, Director Elisa Z. Ramirez purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average cost of $53.86 per share, with a total value of $80,790.00. Following the purchase, the director now owns 8,481 shares in the company, valued at $456,786.66. This represents a 21.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have purchased 2,400 shares of company stock valued at $130,426. 11.90% of the stock is currently owned by company insiders.

Century Communities Price Performance

Shares of NYSE CCS opened at $56.44 on Friday. The firm has a market cap of $1.72 billion, a P/E ratio of 5.43 and a beta of 1.57. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 1-year low of $52.41 and a 1-year high of $108.42. The business’s 50 day moving average is $61.14 and its 200-day moving average is $72.81.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 EPS. Equities research analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities’s payout ratio is presently 12.01%.

Century Communities Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.