Empirical Finance LLC Has $3.02 Million Holdings in Century Communities, Inc. $CCS

Empirical Finance LLC cut its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 42.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,077 shares of the construction company’s stock after selling 31,317 shares during the period. Empirical Finance LLC’s holdings in Century Communities were worth $3,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Century Communities by 6.5% during the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after purchasing an additional 910 shares during the period. AQR Capital Management LLC grew its position in shares of Century Communities by 138.0% in the 1st quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock valued at $4,820,000 after purchasing an additional 41,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Century Communities by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after purchasing an additional 529 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Century Communities by 16.7% during the 1st quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock worth $1,416,000 after buying an additional 3,026 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zelman & Associates lowered 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 research report on Saturday, June 20th. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Finally, Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Century Communities currently has a consensus rating of “Hold” and an average target price of $67.00.

Century Communities Stock Down 3.7%

Shares of Century Communities stock opened at $62.10 on Wednesday. The business’s 50 day simple moving average is $67.87 and its 200 day simple moving average is $62.17. Century Communities, Inc. has a 52-week low of $47.28 and a 52-week high of $76.00. The firm has a market cap of $1.77 billion, a PE ratio of 13.62 and a beta of 1.30. 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 (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. During the same quarter in the prior year, the firm posted $1.37 EPS. The business’s revenue was down 8.1% on a year-over-year basis. On average, analysts predict that Century Communities, Inc. will post 4.86 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Century Communities’s payout ratio is currently 28.07%.

About Century Communities

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.