AXQ Capital LP Has $289,000 Stock Position in Century Communities, Inc. $CCS

AXQ Capital LP lowered its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 63.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,553 shares of the construction company’s stock after selling 7,744 shares during the quarter. AXQ Capital LP’s holdings in Century Communities were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CCS. Traub Capital Management LLC acquired a new position in Century Communities during the second quarter worth $39,000. EverSource Wealth Advisors LLC increased its holdings in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of 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 valued at $81,000 after acquiring an additional 1,135 shares during the last quarter. State of Wyoming raised its stake in shares of Century Communities by 37.3% in the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock valued at $104,000 after acquiring an additional 447 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Century Communities in the 3rd quarter worth approximately $119,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Down 0.1%

Shares of CCS opened at $67.00 on Friday. The stock’s 50-day moving average price is $65.88 and its 200 day moving average price is $63.94. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.79 and a beta of 1.58. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $76.00.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.20. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.04 billion. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.Century Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.54 EPS. As a group, research analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Century Communities’s dividend payout ratio (DPR) is presently 26.34%.

Insider Buying and Selling at Century Communities

In related news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the transaction, the chairman directly owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This trade represents a 15.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CCS shares. B. Riley Financial reaffirmed a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Citigroup started coverage on shares of Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. Finally, Citizens Jmp began coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price for the company. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.75.

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.