Amundi Buys 96,115 Shares of Century Communities, Inc. $CCS

Amundi boosted its holdings in Century Communities, Inc. (NYSE:CCS) by 692.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,001 shares of the construction company’s stock after purchasing an additional 96,115 shares during the quarter. Amundi owned approximately 0.36% of Century Communities worth $6,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after acquiring an additional 331 shares during the last quarter. US Bancorp DE increased its stake in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the period. Covestor Ltd increased its stake in shares of Century Communities by 104.5% during the first quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock valued at $73,000 after buying an additional 555 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Century Communities during the first quarter valued at $91,000. Finally, GAMMA Investing LLC increased its stake in shares of 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 buying an additional 594 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCS has been the topic of several research reports. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. B. Riley initiated coverage on Century Communities in a research report on Monday, June 30th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Century Communities has an average rating of “Hold” and a consensus price target of $85.00.

Century Communities Trading Down 1.3%

Shares of NYSE:CCS opened at $67.08 on Thursday. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 8.19 and a beta of 1.46. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $62.57 and a 200-day moving average price of $60.83.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $910.70 million. During the same period last year, the business posted $2.65 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, August 27th. Century Communities’s dividend payout ratio (DPR) is presently 14.16%.

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.