Odyssean LLC Invests $784,000 in Century Communities, Inc. $CCS

Odyssean LLC purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 10,936 shares of the construction company’s stock, valued at approximately $784,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after acquiring an additional 411 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Century Communities by 175.5% in the 2nd 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 last quarter. State of Wyoming acquired a new position in shares of Century Communities in the second quarter valued at approximately $82,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Century Communities in the fourth quarter valued at approximately $70,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of CCS stock opened at $69.46 on Thursday. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 15.23 and a beta of 1.30. The stock has a 50 day simple moving average of $68.22 and a 200-day simple moving average of $62.64. Century Communities, Inc. has a 12-month low of $47.28 and a 12-month high of $76.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44.

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

Century Communities Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. reduced 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 note on Wednesday, April 29th. Finally, Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and a consensus price target of $67.00.

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.