Harbor Capital Advisors Inc. Raises Stock Holdings in Century Communities, Inc. $CCS

Harbor Capital Advisors Inc. lifted its holdings in Century Communities, Inc. (NYSE:CCS) by 32.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,024 shares of the construction company’s stock after buying an additional 1,988 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Century Communities were worth $452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCS. Sigma Planning Corp increased its holdings in Century Communities by 4.2% during the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock worth $330,000 after purchasing an additional 200 shares during the period. US Bancorp DE increased its holdings in Century Communities by 142.3% during the 1st 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. Benjamin Edwards Inc. increased its holdings in Century Communities by 4.7% during the 1st quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock worth $394,000 after purchasing an additional 266 shares during the period. Boston Partners increased its holdings in Century Communities by 3.5% during the 1st quarter. Boston Partners now owns 9,171 shares of the construction company’s stock worth $615,000 after purchasing an additional 314 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Century Communities Stock Performance

Shares of CCS opened at $66.00 on Friday. The stock has a 50-day moving average of $63.57 and a two-hundred day moving average of $60.69. Century Communities, Inc. has a one year low of $50.42 and a one year high of $105.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $1.96 billion, a P/E ratio of 8.06 and a beta of 1.46.

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

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.8%. Century Communities’s payout ratio is currently 14.16%.

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.