AlphaQuest LLC Decreases Holdings in Century Communities, Inc. $CCS

AlphaQuest LLC trimmed its position in Century Communities, Inc. (NYSE:CCS) by 93.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 915 shares of the construction company’s stock after selling 12,621 shares during the quarter. AlphaQuest LLC’s holdings in Century Communities were worth $58,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Traub Capital Management LLC purchased a new position in Century Communities during the 2nd quarter worth $39,000. EverSource Wealth Advisors LLC boosted its holdings in Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Century Communities during the third quarter valued at about $119,000. Finally, Lazard Asset Management LLC raised its position in shares of Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Insiders Place Their Bets

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the transaction, the chairman owned 561,662 shares in the company, valued at approximately $40,686,795.28. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

CCS has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. Citizens Jmp initiated coverage on shares of Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective on the stock. Citigroup initiated coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company. JPMorgan Chase & Co. lowered their price target on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Finally, Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.75.

Century Communities Stock Up 3.6%

Century Communities stock opened at $74.89 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $76.00. The business’s 50-day moving average price is $64.29 and its 200 day moving average price is $63.22. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 15.41 and a beta of 1.58.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.54 EPS. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. This is a boost from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s dividend payout ratio (DPR) is presently 23.87%.

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.