Denali Advisors LLC Makes New $1.38 Million Investment in Century Communities, Inc. $CCS

Denali Advisors LLC bought a new stake in Century Communities, Inc. (NYSE:CCS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,700 shares of the construction company’s stock, valued at approximately $1,375,000. Denali Advisors LLC owned approximately 0.07% of Century Communities as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Traub Capital Management LLC acquired a new stake in Century Communities during the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased its holdings in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of 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 acquiring an additional 1,135 shares in the last quarter. State of Wyoming lifted its stake in Century Communities by 37.3% during the third quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after purchasing an additional 447 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Century Communities in the third quarter worth $119,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCS. Zacks Research cut shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. JPMorgan Chase & Co. cut their target price on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Finally, Citizens Jmp started coverage on Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective for the company. Three equities research 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 presently has an average rating of “Hold” and an average target price of $74.75.

Century Communities Trading Up 3.6%

Century Communities stock opened at $74.89 on Tuesday. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $76.00. 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 firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.41 and a beta of 1.57. The firm has a 50-day moving average price of $64.56 and a two-hundred day moving average price of $63.40.

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

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.32 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Century Communities’s payout ratio is presently 23.87%.

Insider Activity

In other news, Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the transaction, the chairman directly owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.60% of the company’s stock.

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.