Aristeia Capital L.L.C. Purchases Shares of 17,115 Century Communities, Inc. $CCS

Aristeia Capital L.L.C. purchased a new stake in Century Communities, Inc. (NYSE:CCS) during the 4th quarter, HoldingsChannel reports. The fund purchased 17,115 shares of the construction company’s stock, valued at approximately $1,016,000.

A number of other large investors also recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Century Communities by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock valued at $301,000 after buying an additional 155 shares in the last quarter. Lazard Asset Management LLC increased its stake in Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after purchasing an additional 173 shares during the period. Quadrant Capital Group LLC grew its position in shares of Century Communities by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock worth $793,000 after buying an additional 173 shares during the last quarter. CWM LLC grew its position in shares of Century Communities by 1.7% in the 4th quarter. CWM LLC now owns 17,745 shares of the construction company’s stock worth $1,053,000 after buying an additional 292 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

Shares of Century Communities stock opened at $59.71 on Thursday. The stock has a 50 day moving average of $56.36 and a 200 day moving average of $60.92. Century Communities, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00. The firm has a market cap of $1.72 billion, a PE ratio of 13.45 and a beta of 1.34. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The company had revenue of $789.67 million during the quarter, compared to analyst estimates of $961.12 million. During the same period in the prior year, the company earned $1.36 earnings per share. The firm’s revenue was down 16.9% on a year-over-year basis. On average, research analysts expect that Century Communities, Inc. will post 3.84 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. Century Communities’s dividend payout ratio is 28.83%.

Analysts Set New Price Targets

CCS has been the topic of several research reports. Wall Street Zen lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings cut Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research note on Wednesday, April 29th. Zacks Research cut Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Finally, B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $67.00.

Century Communities 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.