Century Communities, Inc. $CCS Stock Position Boosted by Algert Global LLC

Algert Global LLC raised its stake in shares of Century Communities, Inc. (NYSE:CCS) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,875 shares of the construction company’s stock after buying an additional 14,525 shares during the period. Algert Global LLC owned approximately 0.85% of Century Communities worth $15,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of Century Communities by 6.5% during the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock valued at $995,000 after acquiring an additional 910 shares during the period. AQR Capital Management LLC lifted its position in Century Communities by 138.0% in the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after purchasing an additional 41,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Century Communities by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after purchasing an additional 529 shares in the last quarter. Jones Financial Companies Lllp boosted 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 in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Century Communities by 16.7% during the 1st quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after purchasing an additional 3,026 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total value of $7,251,244.00. Following the transaction, the chairman directly owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This trade represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.90% of the stock is currently owned by company insiders.

Century Communities Trading Down 0.0%

Shares of NYSE CCS opened at $57.75 on Friday. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $76.00. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 11.88 and a beta of 1.54. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $66.50 and a 200-day simple moving average of $63.71.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.Century Communities’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $3.54 EPS. Sell-side analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a $0.32 dividend. The ex-dividend date was Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 2.2%. Century Communities’s dividend payout ratio is 26.34%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CCS. Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Citizens Jmp initiated coverage on Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price on the stock. Citigroup began coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating for the company. Finally, B. Riley Financial restated a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.75.

Century Communities Company 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.