AlphaQuest LLC Reduces Stock Holdings in Century Communities, Inc. $CCS

AlphaQuest LLC lessened its stake in shares of Century Communities, Inc. (NYSE:CCS) by 93.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 915 shares of the construction company’s stock after selling 12,621 shares during the period. AlphaQuest LLC’s holdings in Century Communities were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in shares of Century Communities by 6.5% in the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after acquiring an additional 910 shares during the last quarter. AQR Capital Management LLC raised its position in Century Communities by 138.0% in the 1st 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. lifted its stake in Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after purchasing an additional 529 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Century Communities by 16.7% during the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after buying an additional 3,026 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Up 3.6%

Shares of Century Communities stock opened at $74.89 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 15.41 and a beta of 1.58. The firm’s 50-day moving average is $64.29 and its two-hundred day moving average is $63.22. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $76.00.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business posted $3.54 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.32 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, February 25th. Century Communities’s dividend payout ratio (DPR) is currently 23.87%.

Insider Transactions at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction on Thursday, February 12th. The stock was 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 in the company, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of research analyst reports. Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a research note on Monday, February 2nd. Finally, Citizens Jmp started coverage on shares of Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective for the company. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.75.

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.