SG Americas Securities LLC Acquires 31,582 Shares of Century Communities, Inc. $CCS

SG Americas Securities LLC grew its holdings in Century Communities, Inc. (NYSE:CCS) by 311.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,732 shares of the construction company’s stock after buying an additional 31,582 shares during the quarter. SG Americas Securities LLC owned 0.14% of Century Communities worth $2,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Century Communities during the fourth quarter worth about $70,000. Jones Financial Companies Lllp boosted its holdings 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 valued at $81,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Century Communities by 28.8% during the fourth quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock valued at $114,000 after purchasing an additional 431 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Century Communities Stock Down 2.4%

Shares of NYSE:CCS opened at $69.96 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.01 billion, a P/E ratio of 15.76 and a beta of 1.29. Century Communities, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00. The company’s 50-day moving average price is $57.87 and its two-hundred day moving average price is $61.22.

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

Century Communities Dividend Announcement

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

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.