Denali Advisors LLC Invests $1.38 Million in Century Communities, Inc. $CCS

Denali Advisors LLC acquired a new stake in Century Communities, Inc. (NYSE:CCS) in the 3rd quarter, Holdings Channel reports. The fund acquired 21,700 shares of the construction company’s stock, valued at approximately $1,375,000.

A number of other hedge funds have also made changes to their positions in CCS. Lazard Asset Management LLC raised its holdings in Century Communities by 7.8% during the second 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 in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Century Communities by 8.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock valued at $159,000 after purchasing an additional 185 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Century Communities by 4.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock valued at $312,000 after purchasing an additional 191 shares during the period. Citizens Financial Group Inc. RI raised its stake in shares of Century Communities by 4.1% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 8,414 shares of the construction company’s stock worth $474,000 after buying an additional 329 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Century Communities by 5.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,902 shares of the construction company’s stock worth $389,000 after buying an additional 382 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Up 3.6%

Shares of CCS opened at $74.89 on Tuesday. The business’s 50-day moving average price is $64.56 and its 200 day moving average price is $63.40. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.18 billion, a P/E ratio of 15.41 and a beta of 1.57. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $76.00.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.39 by $0.20. The company 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 for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the company posted $3.54 earnings per share. Analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s dividend payout ratio is presently 23.87%.

Insider Transactions at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the sale, the chairman owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This trade represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 12.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCS shares. JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. Citizens Jmp assumed coverage on shares of Century Communities in a research note on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price objective on the stock. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, B. Riley Financial restated a “buy” rating on shares of Century Communities in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.75.

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.