AlphaQuest LLC Boosts Stock Holdings in Century Communities, Inc. $CCS

AlphaQuest LLC grew its holdings in Century Communities, Inc. (NYSE:CCS) by 15,824.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,536 shares of the construction company’s stock after purchasing an additional 13,451 shares during the quarter. AlphaQuest LLC’s holdings in Century Communities were worth $762,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCS. US Bancorp DE increased its holdings in Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after buying an additional 232 shares during the period. Covestor Ltd increased its holdings in shares of Century Communities by 104.5% in the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock valued at $73,000 after acquiring an additional 555 shares during the period. Jones Financial Companies Lllp raised its position in shares of Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Century Communities during the 1st quarter worth $91,000. Finally, GAMMA Investing LLC lifted its stake in shares of Century Communities by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after purchasing an additional 275 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Down 2.8%

NYSE:CCS opened at $63.27 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $95.76. The company has a market cap of $1.86 billion, a PE ratio of 9.24 and a beta of 1.55. The company’s 50 day moving average is $64.05 and its two-hundred day moving average is $59.53.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. The business had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter last year, the company posted $2.77 earnings per share. Analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.8%. Century Communities’s payout ratio is currently 16.93%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. B. Riley started coverage on shares of Century Communities in a research report on Monday, June 30th. They issued a “buy” rating and a $70.00 price objective on the stock. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.00.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.