Envestnet Asset Management Inc. Grows Stock Position in Century Communities, Inc. (NYSE:CCS)

Envestnet Asset Management Inc. increased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,868 shares of the construction company’s stock after buying an additional 19,385 shares during the period. Envestnet Asset Management Inc. owned about 0.61% of Century Communities worth $12,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company’s stock valued at $144,641,000 after acquiring an additional 5,375 shares during the last quarter. First Trust Advisors LP boosted its holdings in Century Communities by 67.3% during the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock valued at $82,200,000 after acquiring an additional 450,914 shares during the period. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 14.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company’s stock valued at $58,791,000 after buying an additional 99,136 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of Century Communities by 51.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock valued at $49,834,000 after purchasing an additional 230,113 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 acquiring an additional 48,790 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

Century Communities Price Performance

CCS opened at $59.04 on Friday. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 6.11 and a beta of 1.44. The company has a fifty day simple moving average of $55.71 and a 200 day simple moving average of $63.62.

Century Communities (NYSE:CCS) last issued its earnings results 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 12.80% and a net margin of 7.10%. The firm had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. During the same quarter in the previous year, the business posted $2.22 EPS. Century Communities’s revenue was down 2.1% compared to the same quarter last year. Equities research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities’s dividend payout ratio (DPR) is 12.01%.

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.