Penserra Capital Management LLC Purchases 1,180 Shares of Century Communities, Inc. $CCS

Penserra Capital Management LLC grew its position in Century Communities, Inc. (NYSE:CCS) by 34.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,565 shares of the construction company’s stock after acquiring an additional 1,180 shares during the quarter. Penserra Capital Management LLC’s holdings in Century Communities were worth $257,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCS. Bryce Point Capital LLC acquired a new position in shares of Century Communities in the second quarter valued at $1,011,000. Bank of New York Mellon Corp increased its holdings in Century Communities by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 291,971 shares of the construction company’s stock valued at $16,444,000 after buying an additional 5,492 shares during the period. Verity Asset Management Inc. acquired a new position in shares of Century Communities in the 2nd quarter valued at $230,000. Sigma Planning Corp lifted its holdings in shares of Century Communities by 34.5% during the 2nd quarter. Sigma Planning Corp now owns 6,625 shares of the construction company’s stock worth $373,000 after acquiring an additional 1,700 shares during the period. Finally, Pier Capital LLC bought a new position in shares of Century Communities during the 2nd quarter worth about $5,509,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CCS has been the topic of a number of analyst reports. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Finally, Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Century Communities presently has a consensus rating of “Hold” and a consensus target price of $85.00.

Century Communities Stock Performance

NYSE CCS opened at $60.26 on Thursday. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $95.76. The company has a 50 day moving average of $62.78 and a 200-day moving average of $59.67. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 8.80 and a beta of 1.53.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.86 by $0.66. The business had revenue of $980.28 million for the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.Century Communities’s revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.77 EPS. On average, equities analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio is presently 16.93%.

Century Communities Company Profile

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.