27,439 Shares in Century Communities, Inc. $CCS Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new stake in shares of Century Communities, Inc. (NYSE:CCSFree Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 27,439 shares of the construction company’s stock, valued at approximately $1,574,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCS. Vanguard Group Inc. boosted its position in shares of Century Communities by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after buying an additional 72,920 shares during the period. Wellington Management Group LLP lifted its stake in shares of Century Communities by 9.3% during the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock worth $96,803,000 after acquiring an additional 139,141 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of 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. Charles Schwab Investment Management Inc. lifted its stake in shares of Century Communities by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock worth $38,562,000 after acquiring an additional 32,561 shares during the last quarter. Finally, New South Capital Management Inc. boosted its holdings in Century Communities by 285.1% during the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after acquiring an additional 451,187 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Performance

CCS stock opened at $69.96 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The business has a 50-day moving average price of $57.87 and a 200 day moving average price of $61.22. The company has a market capitalization of $2.01 billion, a P/E ratio of 15.76 and a beta of 1.29. Century Communities, Inc. has a 1-year low of $47.28 and a 1-year high of $76.00.

Century Communities (NYSE:CCSGet Free Report) last issued its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.27. The company had revenue of $789.67 million for the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The firm’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. As a group, equities research analysts forecast that Century Communities, Inc. will post 3.84 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, May 27th. Century Communities’s dividend payout ratio (DPR) is presently 28.83%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. B. Riley Financial lowered shares of Century Communities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Weiss Ratings cut shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.00.

Read Our Latest Report on CCS

Century Communities Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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