Ieq Capital LLC acquired a new stake in Century Communities, Inc. (NYSE:CCS – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,056 shares of the construction company’s stock, valued at approximately $721,000.
Several other large investors have also recently added to or reduced their stakes in CCS. BlackRock Inc. purchased a new position in Century Communities in the 2nd quarter valued at approximately $367,973,000. Heartland Advisors Inc. purchased a new stake in shares of Century Communities during the second quarter worth $37,006,000. New South Capital Management Inc. raised its stake in shares of Century Communities by 285.1% in the fourth 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 in the last quarter. Bank of New York Mellon Corp purchased a new position in Century Communities in the second quarter valued at $20,055,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Century Communities by 32.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after purchasing an additional 254,186 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.
Century Communities Stock Down 1.1%
Shares of NYSE CCS opened at $68.56 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 52-week low of $47.28 and a 52-week high of $76.00. The business has a 50-day moving average price of $68.33 and a 200 day moving average price of $62.63. The stock has a market cap of $1.95 billion, a PE ratio of 15.03 and a beta of 1.30.
Century Communities Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.32 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Century Communities’s dividend payout ratio is currently 28.07%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on CCS shares. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.00.
Read Our Latest Analysis on CCS
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.
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