SG Americas Securities LLC Has $2.40 Million Stock Holdings in Century Communities, Inc. $CCS

SG Americas Securities LLC boosted its position in Century Communities, Inc. (NYSE:CCS) by 311.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 41,732 shares of the construction company’s stock after buying an additional 31,582 shares during the quarter. SG Americas Securities LLC’s holdings in Century Communities were worth $2,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings 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 during the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 465 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Century Communities in the 4th quarter valued at about $70,000. Jones Financial Companies Lllp boosted its stake in shares of Century Communities by 1,513.3% in the 1st 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 during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Century Communities by 28.8% in the 4th quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock valued at $114,000 after purchasing an additional 431 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

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. Century Communities, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00. The company has a fifty day simple moving average of $57.87 and a 200 day simple moving average of $61.22. The stock has a market cap of $2.01 billion, a P/E ratio of 15.76 and a beta of 1.29.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.27. The firm had revenue of $789.67 million for 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 in the previous year, the company posted $1.36 earnings per share. On average, research analysts expect that Century Communities, Inc. will post 3.84 EPS for the current year.

Century Communities Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.