GAMMA Investing LLC Has $106,000 Position in Century Communities, Inc. (NYSE:CCS)

GAMMA Investing LLC increased its position in Century Communities, Inc. (NYSE:CCS) by 60.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,579 shares of the construction company’s stock after buying an additional 594 shares during the quarter. GAMMA Investing LLC’s holdings in Century Communities were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after buying an additional 331 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after buying an additional 569 shares during the period. Sterling Capital Management LLC increased its stake in shares of Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after buying an additional 688 shares during the period. Headlands Technologies LLC acquired a new position in shares of Century Communities in the fourth quarter valued at approximately $74,000. Finally, Polymer Capital Management US LLC acquired a new position in shares of Century Communities in the fourth quarter valued at approximately $207,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wedbush lowered their price objective on Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. B. Riley assumed coverage on shares of Century Communities in a research report on Monday, June 30th. They set a “buy” rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.00.

Insider Activity

In other Century Communities news, Director Elisa Z. Ramirez purchased 1,500 shares of the business’s stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $53.86 per share, for a total transaction of $80,790.00. Following the acquisition, the director owned 8,481 shares of the company’s stock, valued at approximately $456,786.66. This represents a 21.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders purchased 2,400 shares of company stock worth $130,426. 12.60% of the stock is currently owned by corporate insiders.

Century Communities Stock Performance

NYSE:CCS opened at $59.67 on Monday. The company has a market capitalization of $1.82 billion, a PE ratio of 6.18 and a beta of 1.44. The company has a 50 day simple moving average of $54.54 and a two-hundred day simple moving average of $64.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.57 and a current ratio of 0.57. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS) last released 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 firm had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The business’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 company posted $2.22 EPS. Research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, May 28th. Century Communities’s payout ratio is 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.