Bryce Point Capital LLC Reduces Holdings in Century Communities, Inc. $CCS

Bryce Point Capital LLC cut its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 56.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,749 shares of the construction company’s stock after selling 10,201 shares during the period. Bryce Point Capital LLC’s holdings in Century Communities were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CCS. Westwood Holdings Group Inc. grew its stake in Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock valued at $75,569,000 after purchasing an additional 282,133 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Century Communities by 32.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after buying an additional 254,186 shares during the last quarter. Voss Capital LP increased its stake in shares of Century Communities by 280.0% in the second quarter. Voss Capital LP now owns 285,000 shares of the construction company’s stock worth $16,051,000 after buying an additional 210,000 shares during the last quarter. M&G PLC bought a new stake in shares of Century Communities in the second quarter worth $11,000,000. Finally, AQR Capital Management LLC raised its holdings in Century Communities by 139.1% in the second quarter. AQR Capital Management LLC now owns 171,721 shares of the construction company’s stock valued at $9,671,000 after acquiring an additional 99,890 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Citizens Jmp began coverage on Century Communities in a research note on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective on the stock. Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Finally, Citigroup assumed coverage on Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Century Communities currently has an average rating of “Hold” and a consensus price target of $74.75.

Century Communities Price Performance

Shares of NYSE CCS opened at $69.87 on Tuesday. The business’s fifty day moving average price is $63.54 and its two-hundred day moving average price is $62.85. The firm has a market capitalization of $2.03 billion, a PE ratio of 14.38 and a beta of 1.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $75.01.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 earnings per share 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $3.54 EPS. Century Communities’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.32 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Century Communities’s dividend payout ratio is currently 23.87%.

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.