18,339 Shares in Century Communities, Inc. $CCS Bought by Summit Global Investments

Summit Global Investments bought a new position in Century Communities, Inc. (NYSE:CCS) in the third quarter, HoldingsChannel.com reports. The firm bought 18,339 shares of the construction company’s stock, valued at approximately $1,162,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Westwood Holdings Group Inc. boosted its position in shares of Century Communities by 26.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after buying an additional 282,133 shares during the period. Balyasny Asset Management L.P. boosted its position in 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 worth $58,832,000 after acquiring an additional 254,186 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Century Communities by 5.0% during the 2nd quarter. Jennison Associates LLC now owns 480,475 shares of the construction company’s stock worth $27,060,000 after acquiring an additional 23,073 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Century Communities by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 291,971 shares of the construction company’s stock valued at $16,444,000 after purchasing an additional 5,492 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Century Communities by 28.8% in the second quarter. Franklin Resources Inc. now owns 289,391 shares of the construction company’s stock worth $16,299,000 after purchasing an additional 64,654 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup began coverage on shares of Century Communities in a research report on Wednesday, January 21st. They issued an “outperform” rating for the company. B. Riley reaffirmed a “buy” rating on shares of Century Communities in a research report on Thursday. Citizens Jmp assumed coverage on Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $56.00 price objective on shares of Century Communities in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average target price of $76.50.

Century Communities Stock Down 1.4%

Shares of CCS opened at $63.07 on Friday. The firm has a market cap of $1.85 billion, a P/E ratio of 12.98 and a beta of 1.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.54 and a current ratio of 1.08. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $78.05. The firm’s 50-day simple moving average is $63.10 and its 200 day simple moving average is $62.51.

Century Communities (NYSE:CCS) last posted its 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. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.54 earnings per share. On average, analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, November 26th. Century Communities’s payout ratio is presently 23.87%.

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.