SG Americas Securities LLC Boosts Holdings in Century Communities, Inc. $CCS

SG Americas Securities LLC lifted its holdings in Century Communities, Inc. (NYSE:CCS) by 184.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 41,602 shares of the construction company’s stock after acquiring an additional 26,963 shares during the quarter. SG Americas Securities LLC owned 0.14% of Century Communities worth $2,343,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CCS. US Bancorp DE boosted its position in Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after buying an additional 232 shares during the period. Covestor Ltd boosted its holdings in Century Communities by 104.5% during the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock valued at $73,000 after acquiring an additional 555 shares during the period. Jones Financial Companies Lllp grew its position in 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 worth $81,000 after acquiring an additional 1,135 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Century Communities during the 1st quarter worth approximately $91,000. Finally, GAMMA Investing LLC increased its stake in Century Communities by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 0.6%

Shares of Century Communities stock opened at $56.39 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $95.76. The company has a market cap of $1.66 billion, a P/E ratio of 8.23 and a beta of 1.53. The company’s fifty day simple moving average is $61.67 and its two-hundred day simple moving average is $59.77.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The firm had revenue of $980.28 million for the quarter, compared to analyst estimates of $906.10 million. During the same quarter in the previous year, the firm posted $2.77 EPS. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. Research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.16 annualized dividend and a dividend yield of 2.1%. Century Communities’s dividend payout ratio is currently 16.93%.

Wall Street Analysts Forecast Growth

CCS has been the topic of several recent analyst reports. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.00.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.