GSA Capital Partners LLP Purchases New Position in Century Communities, Inc. $CCS

GSA Capital Partners LLP purchased a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 18,878 shares of the construction company’s stock, valued at approximately $1,353,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Century Communities by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock worth $117,397,000 after buying an additional 72,920 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Century Communities by 10.3% during the fourth quarter. First Eagle Investment Management LLC now owns 240,940 shares of the construction company’s stock valued at $14,300,000 after acquiring an additional 22,450 shares in the last quarter. Summit Global Investments purchased a new stake in Century Communities in the second quarter worth $1,134,000. Empowered Funds LLC lifted its stake in Century Communities by 40.9% in the first quarter. Empowered Funds LLC now owns 205,823 shares of the construction company’s stock worth $11,810,000 after acquiring an additional 59,713 shares during the period. Finally, Empirical Finance LLC lifted its stake in Century Communities by 86.5% in the first quarter. Empirical Finance LLC now owns 73,394 shares of the construction company’s stock worth $4,211,000 after acquiring an additional 34,039 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Trading Down 0.0%

NYSE CCS opened at $70.60 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a twelve month low of $47.28 and a twelve month high of $76.00. The firm has a market capitalization of $2.01 billion, a PE ratio of 15.48 and a beta of 1.30. The stock’s 50 day moving average is $66.50 and its 200 day moving average is $62.37.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.67. The company had revenue of $927.23 million for the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. Research analysts forecast that Century Communities, Inc. will post 4.86 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, August 26th. Century Communities’s payout ratio is 28.07%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. dropped their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.

About Century Communities

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.