Deprince Race & Zollo Inc. Acquires New Position in Century Communities, Inc. $CCS

Deprince Race & Zollo Inc. bought a new position in shares of Century Communities, Inc. (NYSE:CCS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,600 shares of the construction company’s stock, valued at approximately $1,749,000. Deprince Race & Zollo Inc. owned about 0.09% of Century Communities at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Traub Capital Management LLC purchased a new stake in shares of Century Communities during the second quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its position in Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares during the period. Jones Financial Companies Lllp grew its stake in Century Communities by 1,513.3% during the 1st 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. GAMMA Investing LLC increased its holdings in shares of 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 during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Century Communities by 7.8% in the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of NYSE CCS opened at $59.08 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.62 and a beta of 1.53. The firm’s 50 day simple moving average is $61.07 and its 200-day simple moving average is $61.33. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $81.10.

Century Communities (NYSE:CCS) last announced its quarterly 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 firm had revenue of $980.28 million for the quarter, compared to the consensus estimate of $906.10 million. During the same period in the prior year, the firm posted $2.77 earnings per share. The firm’s quarterly revenue was down 13.8% compared to the same quarter last year. Analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.0%. Century Communities’s dividend payout ratio (DPR) is 16.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCS shares. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $56.00 target price on shares of Century Communities in a report on Thursday, December 4th. Finally, Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Century Communities currently has a consensus rating of “Hold” and an average price target of $71.33.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.