Creative Planning Has $2.13 Million Holdings in Century Communities, Inc. $CCS

Creative Planning lifted its holdings in Century Communities, Inc. (NYSE:CCS) by 117.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,891 shares of the construction company’s stock after purchasing an additional 20,447 shares during the quarter. Creative Planning owned 0.13% of Century Communities worth $2,134,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. US Bancorp DE lifted its position 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 buying an additional 232 shares in the last quarter. Covestor Ltd raised its holdings in Century Communities by 104.5% during the first quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock worth $73,000 after acquiring an additional 555 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Century Communities in the first quarter valued at approximately $91,000. Finally, GAMMA Investing LLC grew its stake in Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

CCS has been the subject of several recent analyst reports. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Century Communities in a research note on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Century Communities Price Performance

NYSE:CCS opened at $64.23 on Wednesday. Century Communities, Inc. has a one year low of $50.42 and a one year high of $93.73. The company has a market cap of $1.89 billion, a P/E ratio of 9.38 and a beta of 1.53. The firm’s fifty day moving average price is $61.08 and its two-hundred day moving average price is $60.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The company had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. During the same quarter last year, the company posted $2.77 EPS. Century Communities’s quarterly revenue was down 13.8% compared to the same quarter last year. Equities analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. Century Communities’s payout ratio is currently 16.93%.

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.