Century Communities, Inc. (NYSE:CCS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 10,656.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,951 shares of the construction company’s stock after acquiring an additional 104,966 shares during the quarter. GAMMA Investing LLC owned about 0.35% of Century Communities worth $7,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in Century Communities by 27.9% in the 4th quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock valued at $17,328,000 after purchasing an additional 51,589 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Century Communities by 22.8% in the 4th quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company’s stock valued at $18,631,000 after purchasing an additional 47,171 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after purchasing an additional 3,747 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Century Communities by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after purchasing an additional 34,046 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in Century Communities by 257.7% in the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock valued at $4,732,000 after purchasing an additional 46,477 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

Shares of CCS stock opened at $52.34 on Monday. The firm’s 50 day moving average price is $56.42 and its 200-day moving average price is $68.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. The firm has a market cap of $1.60 billion, a P/E ratio of 5.03 and a beta of 1.43.

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

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.22%. Century Communities’s dividend payout ratio is currently 12.01%.

Insider Transactions at Century Communities

In related news, Director Elisa Z. Ramirez acquired 500 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the acquisition, the director now owns 8,981 shares in the company, valued at $491,081.08. The trade was a 5.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have purchased 2,400 shares of company stock worth $130,426. 11.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush decreased their target price on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. One investment 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.33.

Century Communities Company 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.