Assenagon Asset Management S.A. Acquires New Position in Century Communities, Inc. $CCS

Assenagon Asset Management S.A. bought a new position in shares of Century Communities, Inc. (NYSE:CCS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,439 shares of the construction company’s stock, valued at approximately $1,574,000. Assenagon Asset Management S.A. owned 0.09% of Century Communities at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Century Communities by 175.5% during 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 during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Century Communities in the fourth quarter worth $70,000. Jones Financial Companies Lllp lifted its holdings in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Century Communities by 28.8% in the fourth quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock worth $114,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Trading Down 2.4%

Shares of NYSE CCS opened at $69.96 on Thursday. The business’s 50 day moving average is $57.87 and its two-hundred day moving average is $61.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. Century Communities, Inc. has a 1-year low of $47.28 and a 1-year high of $76.00. The stock has a market capitalization of $2.01 billion, a P/E ratio of 15.76 and a beta of 1.29.

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

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a $0.32 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Century Communities’s dividend payout ratio (DPR) is currently 28.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCS. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings lowered Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. cut their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. Finally, B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $75.00 to $64.00 in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.

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.