MQS Management LLC Takes $706,000 Position in Century Communities, Inc. $CCS

MQS Management LLC bought a new position in shares of Century Communities, Inc. (NYSE:CCS) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,140 shares of the construction company’s stock, valued at approximately $706,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Traub Capital Management LLC acquired a new position in Century Communities in the 2nd quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased its position in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after purchasing an additional 465 shares during the period. Jones Financial Companies Lllp raised its stake in shares of 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 valued at $81,000 after purchasing an additional 1,135 shares in the last quarter. State of Wyoming raised its stake in shares of Century Communities by 37.3% in the third quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock valued at $104,000 after purchasing an additional 447 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Century Communities in the third quarter worth $119,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Up 4.0%

Shares of CCS stock opened at $72.63 on Wednesday. The company has a market capitalization of $2.11 billion, a P/E ratio of 14.94 and a beta of 1.58. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $75.01. 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 50-day moving average price of $63.70 and a 200 day moving average price of $62.94.

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, topping 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 analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $3.54 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.32 per share. 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%. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s payout ratio is 23.87%.

Analyst Ratings Changes

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