Century Communities, Inc. $CCS Shares Acquired by EMG Holdings L.P.

EMG Holdings L.P. lifted its position in Century Communities, Inc. (NYSE:CCS) by 307.2% in the 1st quarter, HoldingsChannel reports. The firm owned 56,285 shares of the construction company’s stock after purchasing an additional 42,464 shares during the quarter. Century Communities makes up about 0.8% of EMG Holdings L.P.’s portfolio, making the stock its 15th largest position. EMG Holdings L.P.’s holdings in Century Communities were worth $3,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Century Communities by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock worth $117,397,000 after purchasing an additional 72,920 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Century Communities by 10.3% in the 4th quarter. First Eagle Investment Management LLC now owns 240,940 shares of the construction company’s stock valued at $14,300,000 after buying an additional 22,450 shares in the last quarter. Jennison Associates LLC increased its position in Century Communities by 4.9% during the 1st quarter. Jennison Associates LLC now owns 349,512 shares of the construction company’s stock worth $20,055,000 after buying an additional 16,467 shares during the period. Empirical Finance LLC increased its position in Century Communities by 86.5% during the 1st quarter. Empirical Finance LLC now owns 73,394 shares of the construction company’s stock worth $4,211,000 after buying an additional 34,039 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Century Communities by 109.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 66,784 shares of the construction company’s stock worth $3,834,000 after buying an additional 34,946 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Down 1.3%

Shares of NYSE CCS opened at $68.68 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. Century Communities, Inc. has a 52 week low of $47.28 and a 52 week high of $76.00. The stock has a market capitalization of $1.95 billion, a P/E ratio of 15.06 and a beta of 1.29. The stock’s fifty day moving average is $62.93 and its 200 day moving average is $62.19.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.67. The business had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. Century Communities’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 earnings per share. Sell-side analysts forecast that Century Communities, Inc. will post 4.86 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a $0.32 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. Century Communities’s payout ratio is presently 28.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCS. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday. Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. JPMorgan Chase & Co. decreased their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Finally, B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $75.00 to $64.00 in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” 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.