Nisa Investment Advisors LLC Purchases 498 Shares of Century Communities, Inc. (NYSE:CCS)

Nisa Investment Advisors LLC lifted its stake in Century Communities, Inc. (NYSE:CCS) by 21.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,806 shares of the construction company’s stock after buying an additional 498 shares during the period. Nisa Investment Advisors LLC’s holdings in Century Communities were worth $188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc raised its stake in shares of Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after purchasing an additional 331 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after acquiring an additional 688 shares during the period. Headlands Technologies LLC bought a new stake in shares of Century Communities in the fourth quarter valued at approximately $74,000. GAMMA Investing LLC raised its position in Century Communities by 60.3% during the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company’s stock valued at $106,000 after purchasing an additional 594 shares in the last quarter. Finally, Polymer Capital Management US LLC acquired a new position in Century Communities during the fourth quarter valued at approximately $207,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCS has been the subject of a number of recent research reports. Wedbush decreased their price objective on Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. B. Riley began 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 on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Century Communities Stock Performance

Shares of NYSE:CCS opened at $59.98 on Friday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 6.21 and a beta of 1.44. The company has a 50-day moving average price of $55.60 and a 200-day moving average price of $63.79. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $108.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings data 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). Century Communities had a return on equity of 12.80% and a net margin of 7.10%. The business had revenue of $903.23 million during the quarter, compared to analysts’ expectations of $914.20 million. During the same quarter last year, the company posted $2.22 EPS. Century Communities’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS 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 given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 1.93%. Century Communities’s payout ratio is presently 12.01%.

Insider Activity at Century Communities

In related news, Director Elisa Z. Ramirez bought 500 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $54.68 per share, with a total value of $27,340.00. Following the completion of the purchase, the director owned 8,981 shares of the company’s stock, valued at approximately $491,081.08. The trade was a 5.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have acquired 2,400 shares of company stock worth $130,426. 11.90% of the stock is owned by company insiders.

About Century Communities

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.