Aristeia Capital L.L.C. Purchases New Position in Century Communities, Inc. $CCS

Aristeia Capital L.L.C. purchased a new stake in Century Communities, Inc. (NYSE:CCS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 17,115 shares of the construction company’s stock, valued at approximately $1,016,000. Aristeia Capital L.L.C. owned 0.06% of Century Communities at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CCS. Parallel Advisors LLC increased its stake in Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after purchasing an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after buying an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Century Communities in the fourth quarter valued at $70,000. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 1,135 shares during the period. Finally, Covestor Ltd boosted its position in Century Communities by 28.8% during the fourth quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock worth $114,000 after purchasing an additional 431 shares during the period. 99.54% of the stock is owned by institutional investors.

Century Communities Stock Down 2.3%

Shares of NYSE:CCS opened at $59.71 on Thursday. The company has a market capitalization of $1.72 billion, a PE ratio of 13.45 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The business has a fifty day moving average price of $56.36 and a two-hundred day moving average price of $60.92. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The firm had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The business’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Analysts forecast that Century Communities, Inc. will post 3.84 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. Century Communities’s dividend payout ratio is presently 28.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CCS shares. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $75.00 to $64.00 in a research report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research note on Wednesday, April 29th. Wall Street Zen downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings cut Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Century Communities has a consensus rating of “Reduce” and an average target price of $67.00.

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.